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The stock quoted a 52-week high price of Rs 191.45 and low of Rs 133.1.

“Many of these PSU stocks have become meme stocks in India. So we have all heard of meme stocks. A set of HNI investors catches hold of these stocks. Liquidity is limited and then they get pulled up easily. And then retail investors come in in a big way. I think people should be very, very cautious of these moves.”

“All the IT companies really have booked a large number of orders over even the last two or three quarters. Although the performance on the revenue was not high, the order booking performance was quite good and some of that will now get translated into the revenues in the coming quarters.”

The initial public offer (IPO) of Azad Engineering will open for bidding on December 20. The company has fixed a price band of Rs 499-524 for the public offer, which closes on December 22.

An over 1,200 points rally in Nifty 50 in just 10 sessions saw the benchmark index clocking its best monthly gain in about 15 months

The stock quoted a 52-week high price of Rs 290.5 and low of Rs 172.25.

The Relative Strength Index of the stock stood at 80.96 on Friday.

The share allotment for RBZ Jewellers IPO is scheduled for December 22, just a day after the issue closing. The tentative listing date is fixed as December 27.

As of 30-Sep-2023, promoters held 62.55 per cent stake in the company, while FIIs held 12.21 per cent and domestic institutional investors had 7.68 per cent.