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Promoters held 51.14 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 17.43 per cent and 16.08 per cent, respectively.

The demand was driven by retail investors, whose category was subscribed 19 times. The NII portion of the issue was booked 13 times. There were just 5% bids from QIB investors

The market was cautious ahead of the remarks by the Bank of Japan Governor (Kazuo) Ueda as well as Federal Reserve Chair (Jerome) Powell later this week," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory

The retail sector rose to the top, boosted by a 5.3% gain in JD Sports after the British sportswear retailer reported an improvement in second-quarter underlying sales growth

The Relative Strength Index of the stock stood at 50.13 on Thursday.

PB Fintech, which operates insurance marketplace Policybazaar and credit provider Paisabazaar, listed in 2021 and swung to a profit in the 12 months through March after a spell of losses over a number of fiscal years

A total of 38,149 shares changed hands on the counter till 02:00PM (IST)

The stock quoted a 52-week high price of Rs 6442.65 and a 52-week low of Rs 4518.35.

Amit Khurana, head of equities at Dolat Capital, recommended clients focus on domestic consumption stocks for better performance over the next 12 to 18 months. He highlighted Ajanta Pharma and Lupin in the pharma sector but remains cautious about banks due to macro concerns. Khurana also favors the affordable housing sector.

On the technical charts, the RSI of the stock stood at 49.97.