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On the technical charts, the RSI of the stock stood at 36.54.

The stock quoted a 52-week high price of Rs 2128.85 and low of Rs 1434.6.

The pan-European STOXX 600 was down 0.1% by 0711 GMT and was on track to end 0.2% lower for the week.

The stock quoted a 52-week high price of Rs 1422.85 and a 52-week low of Rs 1049.1.

“Big value in India will be created in small and midcaps only. People should not be scared of investing in them, they need to be ready for the volatility which will come. Some stocks will correct 15-20% from the top also and there are times when these stocks fall so much, you think you should have sold before the fall but after a few months you are glad you didn’t.”

Among BSE-listed stocks with m-cap exceeding Rs 500 crore, around 73 stocks experienced a decrease in FII ownership in each of the last four quarters, from December 2022 to September 2023.

Against the backdrop of upbeat macroeconomic conditions, Bajaj Finserv said its subsidiaries recorded a strong operating performance in the second quarter. Bajaj Finance, in which Bajaj Finserv holds a 52.4% stake, recorded 28% growth in its consolidated net profit at Rs 3,551 crore, led by robust AUM growth, higher net interest income, and better asset performance.

For the half year ended September 2023, the company reported a profit after tax growth of 25% to Rs. 58.5 crore, led by strong operational growth and higher other income. There was an on-off income pertaining to the reversal of impairment of Rs 2 crores in H1 FY23.