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​This understanding has been developed over the last many years and we know where such people live in the country and so we go typically where they live and put up the stores in those cities, broadly in the localities where they live or convenient to where they live, so that is the broad approach.

A total of 346,435 shares changed hands on the counter till 12:43PM (IST)

Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 20.61 per cent and 11.08 per cent, respectively.

The Relative Strength Index of the stock stood at 61.53 on Wednesday.

The IPO of Orient Technologies was subscribed nearly 4 times on its opening day, driven mainly by retail investors. The issue aims to raise Rs 215 crore, including fresh equity and promoter stakes. Analysts suggest subscribing, citing fair valuation and strategic partnerships with technology companies. The IPO closes on August 23.

The Nifty Auto index closed 0.34 per cent up at 25586.75.

A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment.

On the technical charts, the 200-day moving average of the stock stood at Rs 1179.21.

The Forcas Studio IPO allotment will be confirmed today after strong investor interest, with shares subscribed over 400 times. Investors can verify their allotment through the registrar or the NSE website. The shares have a significant premium in the unlisted market, hinting at possible gains of 90% upon listing on August 26.

A total of 8,901 shares changed hands on the counter till 11:32AM (IST).