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The stock quoted a 52-week high of Rs 147.2 and a 52-week low of Rs 87.0.

"Macro factors, including a potential US Federal Reserve tapering cycle in 2024, are contributing to cryptocurrency tailwinds. Chart analysis suggests an ascending triangle with bullish growth, with a break above $38,000 potentially leading to a test of $40,000," Sathvik said.

The Relative Strength Index of the stock stood at 58.19 on Friday.

When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a long build-up.

As of 30-Sep-2023, promoters held 43.92 per cent stake in the company, while FIIs held 13.81 per cent and domestic institutional investors had 2.47 per cent.

“People are still not seeing any concern or any deterioration in terms of asset quality as far as the unsecured loans are concerned. So, to my mind, this is a precautionary measure by the RBI, a welcome precautionary measure, given that this kind of lending has increased so much in the system.”

Dubai, where Mark Mobius has lived for the past three years, has emerged as a favored destination for investment banks, asset managers and hedge fund traders, who are drawn by its ease of doing business, tax-free status and allure as a global travel hub. It’s also a more friendly time zone for portfolio managers who have global investments spanning North America to Asia.

A total of 1,519 shares changed hands on the counter till 01:54PM (IST).

“IREDA looks like a good bet for people who want to participate. From a sector perspective, from a group perspective, that looks quite compelling. But I am baffled by Tata Technology. I am really trying to figure out what exactly this company is trying to do and what is the purpose of doing the IPO.”

Brent futures were up 10 cents, or 0.1%, at $77.52 a barrel at 11.17 am on Friday, while US West Texas Intermediate crude (WTI) was up 13 cents, or 0.18% at $73.05.