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A total of 83,007 shares changed hands on the counter till 11:23AM (IST).

The stock traded at a P/E multiple of 11.85, while the price-to-book value ratio stood at 1.25.

Shares of Sansera Engineering surged by over 8% on the NSE after multiple block deals were witnessed, with the stock reaching a 52-week high of Rs 914.55. The block deals triggered buying action as momentum indicator MFI went into an overbought zone. The company manufactures precision components for automotive and non-automotive sectors and reported a Q4FY23 net profit of Rs 35.1 crore. The average broker target on the stock is Rs 946.50, representing an almost 8% upside from the current level.

The stock quoted a 52-week high price of Rs 432.8 and a 52-week low of Rs 132.55.

From the Sensex pack, Infosys, Power Grid, Tech Mahindra, Kotak Bank, HUL, and HCL Tech opened with cuts, while Tata Steel, M&M, HDFC Bank, ICICI Bank, HDFC, Bajaj Finserv opened with gains.

The deal is expected to fetch the PE firm as much as Rs 709.5 crore, or $86 million, deal terms, ET reported. With this block deal, Carlyle will exit its entire remaining shareholding in Delhivery.

​Aggressive New Short positions is a bearish indicator, as it signifies that the futures OI has increased while price has decreased​

Brokerages see a strong potential for value unlocking in these companies, with a targeted upside of up to 48%.

I think there are two-three ways to approach the IT sector as of now because the market is not clear on in terms of how the growth is going to pan out. So, one macro indicator now is that the Nasdaq and the S&P 500 are recovering and doing well.