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The stock quoted a 52-week high price of Rs 775.0 and a 52-week low of Rs 557.15.

Overall, though it will be around the below-normal category, the rainfall distribution in most of the places — except in places very close to Himalayas, plains of Himalayas like East UP, Bihar, Jharkhand and the Gangetic West Bengal — would be normal. Going forward, there can be more areas of northwest India where there should be withdrawal of monsoon by around the 15th of October.

On September 26, several major stocks displayed notable strength by surpassing their 200-day SMA.

September 27, 2023, will be remembered as a day when midcap stocks showcased their potential.

On a year-to-date basis, the stock has delivered 15% returns to investors. Axis Securities has a buy call on the stock with an upside of Rs 291-310 levels and the holding period is three to four weeks.

The nation’s burgeoning life insurance and pension fund industries, driven by an expanding middle class, are changing the landscape for India’s $1 trillion sovereign debt market. The sale reflects their growing heft, and helps Prime Minister Narendra Modi’s government reduce its reliance on purchases by banks to fund record borrowings.

The Relative Strength Index of the stock stood at 51.45 on Wednesday.

The IPO is entirely a fresh equity issue of Rs 2,800 crore. The company has fixed a price band of Rs 113-119 per share and investors can bid for a minimum of 126 shares in one lot and in multiples thereafter.

A total of 3,530,216 shares changed hands on the counter till 02:10PM (IST)

Shyam Metalics and Energy Limited has entered the energy storage sector by manufacturing battery-grade aluminum foil. The company believes that with the growing lithium-ion production capacity in India from 2024 to 2030, they will be a key supplier of raw materials to these plants. They are currently in the trial phase with upcoming lithium-ion battery companies and expect commercial orders to start flowing in by the first quarter of next year.