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In a remarkable display of upward momentum, several stocks within the BSE 200 Index reached new 52-week highs on August 18.

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"In the first case, where retirement is a few years out from here, an investor has the ability to build a corpus before he starts withdrawing from the corpus. Now to simplify it, think of it as a runway where you keep stashing some money aside and start building a corpus or a sum or an amount, a kitty, that is meant to fund the rest of your retirement."

Both Nifty 50 and Sensex declined for a fourth consecutive week. The Nifty 50 has lost 3.4% since hitting a record high on July 20. From the Sensex pack, TCS and Tech Mahindra were the top laggards, falling about 2% each.

"The initial euphoria that will surround the listing of Jio Financial will settle over the next four to six weeks, during which Jio Financial stocks might move from weaker hands to stronger ones. It is only a matter of time before the retail and Jio demergers follow. While Jio is expected to be amongst the leading financial players for different segments of financials in 10 years, investors should still wait for a while before buying it."

Concord Biotech is a biotechnology company and a leading maker of select fermentation-based APIs across immunosuppressants and oncology in terms of market share, based on volume in 2022.

The IPO comprises fresh equity issue of Rs 162 crore and offer for sale (OFS) of 1.75 crore equity shares. The company has fixed a price band of Rs 102-108 per share and investors can bid for a minimum of 130 shares in one lot and in multiples thereafter.

A total of 6,147 shares changed hands on the counter till 12:58PM (IST).

Investors include dividend stocks in their portfolios as they are rewarding consistent payouts irrespective of the market sentiments.

The Relative Strength Index of the stock stood at 27.71 on Friday.