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RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement. The RSI value ranges between 0 and 100.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

The breakout has opened room for the stock to head towards 1942 levels in the next 3-4 weeks, suggest experts.

After the crash triggered by the outbreak of Covid-19 which took the Nifty to 7511 in March 2020, the market staged a rally which has taken the Nifty to around 19600 level now.

The fallout from the settlement marks another significant blow to the cryptocurrency industry, which has faced increasing scrutiny and investigations.

ETMarkets spoke to Christy Mathai, Fund Manager- Equity, Quantum Mutual fund on markets, sectors to avoid and outlook for Samvat 2080.

The stock traded at a P/E multiple of 42.98, while the price-to-book value ratio stood at 7.01.

The Relative Strength Index of the stock stood at 48.33 on Wednesday.

The IPO of Gandhar Oil comprises a fresh equity issue of Rs 357 crore and an offer for sale (OFS) of Rs 143 crore. Under the OFS, promoter-selling shareholders Kailash Parekh, Gulab Parekh, and other selling shareholders – Green Desert Real Estate, and Fleet Line Shipping among others will offload shares.