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Hemang Jani says: “ if one is looking to participate at current levels, I would have banks as my top-most recommendation, particularly State Bank of India and BOB. These are the two names where we think that there is a larger comfort in terms of valuations and risk reward. Apart from them, we are seeing relative strength in metal stocks and we like NMDC.”

The Relative Strength Index of the stock stood at 59.91 on Thursday.

A total of 3,301 shares changed hands on the counter till 12:53PM (IST)

Promoters held 46.09 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 20.01 per cent and 17.26 per cent, respectively.

Sanjiv Bhasin says: “Among recently listed companies, Electro Force can still go to Rs 150. As for the others, you have to be a bit cautious. So, do your homework. Largecaps are where you should be overweight now. If you want to stay in the market, be cautious on the midcaps.”

White Marubozu pattern occurs when the opening price is the lowest for a given period, and the closing price is the highest.

A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security.

The stock quoted a 52-week high price of Rs 1380.45 and low of Rs 550.0.

Money managed by Indian funds makes up about 16% of the size of the South Asian economy, with the proportion having doubled in the last 10 years, Amarjeet Singh, a whole-time member of the Securities and Exchange Board of India — the markets regulator — said at a conference in Mumbai last month.

On March 6 this year, Tendulkar had picked up equity worth about Rs 5 crore in Azad Engineering, which makes precision forged and machined components for global OEMs in energy, aerospace & defence and oil & gas industries.