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A total of 5,140 shares changed hands on the counter till time (IST).

"This would increase Siemens’ stake in the publicly listed Siemens Ltd India from 51% to 69%, while Siemens Energy’s stake would decrease from 24% to 6%. With the intended acquisition, Siemens and Siemens Energy accelerate unbundling the business activities of the Indian subsidiary of Siemens," the company said in a statement.

Promoters held 46.64 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 17.51 per cent and 0.74 per cent, respectively.

The stock quoted a 52-week high of Rs 2796.15 and a 52-week low of Rs 2250.85.

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

The rupee was quoting at 83.0750 to the U.S. dollar at 10:52 a.m. IST, up from 83.3350 in the previous session, and potentially headed for its best day in nearly six months.

“If you are already holding QSR stocka, then these are not the levels to sell because we have seen decent corrections also in them. From a longer-term perspective, I am pretty certain that the QSR companies can deliver exceptional returns going ahead and you could perhaps buy at every decline, rather than just chasing these stocks at this point of time. ”

The brokerage had previously forecasted a final 25 basis points hike.

"Like an all-rounder brings flexibility to a cricket team, equities can offer growth potential. Bonds, like a dependable batsman, can offer stability. Commodities, similar to a bowler, can provide a hedge against inflation. Real estate, analogous to a fielder, can add tangible assets to the mix. To illustrate, consider a team of only Viral Kohlis which would fail in the bowling session, or one of only Mohammad Shamis which might not do all that well in the batting session. "

This marks "a significant increase over the past three years, almost doubling its weight," Nuvama Alternative & Quantitative Research said in a note.