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The stock quoted a 52-week high of Rs 3621.95 and a 52-week low of Rs 1909.0.

Promoters held 74.08 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 16.16 per cent and 3.46 per cent, respectively.

On August 21, seven Nifty50 stocks showed an "RSI Trending Up" signal, indicating that RSI values have risen above 50, suggesting increasing momentum and potential buying opportunities.

Shares of One 97 Communications (Paytm) surged 5.5% to Rs 604.45 on the BSE after brokerages raised their target prices following the sale of its entertainment business to Zomato. CLSA upgraded its target to Rs 530, while Citi increased its target to Rs 440, keeping a "Sell" rating.

Gold October futures opened at Rs 71,674 per 10 grams, down by 0.22%, while silver September futures traded at Rs 84,806/kg, down by 0.07%. Indian markets had a slightly positive outcome on Wednesday.

10 large-cap stocks from the Nifty200 index where FIIs reduced their stake in Q1

Zomato’s shares rose 3% after acquiring Paytm’s ticketing business, marking its entry into event and travel booking sectors. Analysts are optimistic, with target prices up to Rs 335. The board approved a deal with One 97 Communications, WEPL, and OTPL for this acquisition on Wednesday.

An analysis by Bank of Baroda economist Dipanwita Mazumdar explores the correlation between Indian households shifting savings from bank deposits to mutual funds using Granger causality test and Cointegration regression. Despite growing mutual funds, both have increased at different rates. The share of bank deposits in household financial savings fell to 29.4%, while mutual funds rose to 6%.

The Nifty Bank index was trading 0.46 per cent up at 50918.3.

The stock quoted a 52-week high price of Rs 3123.3 and a 52-week low of Rs 2068.45.