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On the technical charts, the RSI of the stock stood at 50.81.

As I earlier also stated, that I would be more keenly watching out for what they state on the green hydrogen, new energy, and all these green initiatives. Because if you look at the stock price today from the past few couple of quarters, it is more or less like range-bound. So, whatever happens in case of the Jio platform or retail, that is already more or less baked into what the analysts’ expectations are and what the street targets are.

A total of 1,367 shares changed hands on the counter till 10:50AM (IST).

The stock quoted a 52-week high price of Rs 479.2 and a 52-week low of Rs 262.1.

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State-owned companies PFC and OIL, among others, are in focus as they approach their record date for dividend payouts on August 30. PFC announced an interim dividend of Rs 3.25 per share, while OIL declared a dividend of Rs 2.50 per share. Various other listed companies will begin trading ex-dividend starting Friday.

To maintain a premium valuation, a stock must demonstrate strong earnings growth and a positive future outlook. However, the June quarter results revealed that several prominent companies, including popular retail multibaggers, fell short in terms of earnings. ETMarkets reviewed companies with an m-cap of at least Rs 5,000 crore and identified 13 entities that reported at least a 25% YoY decline in sales and profit.

Shares of InterGlobe Aviation, which operates IndiGo Airlines, fell 3% to Rs 4,714.90 after co-founder Rakesh Gangwal sold 2.3 crore shares (6% equity) at Rs 4,760 each, totaling Rs 11,000 crore. The official sellers remain undisclosed. The stake sale amount was revised from Rs 6,750 crore.

Indian benchmark equity indices opened slightly lower on Thursday, impacted by declines in auto and IT stocks. The BSE Sensex was down 63 points at 81,721, while the Nifty50 fell 21 points to 25,031. Key sectoral indices such as Nifty IT and Nifty Metal also saw losses. Investors are closely watching U.S. economic indicators for clues on rate easing plans.