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The stock quoted a 52-week high price of Rs 652.2 and low of Rs 412.2.

As of 31-Mar-2023, promoters held 0.0 per cent stake in the company, while FIIs held 14.73 per cent and domestic institutional investors had 14.41 per cent.

The Relative Strength Index of the stock stood at 47.54 on Wednesday.

Investors are eyeing BSE Midcap stocks that are approaching their 52-week high levels, including Mahindra & Mahindra Financial Services, Exide Industries, Ajanta Pharma, MRF, Lupin, and Tube Investments of India. These stocks show promising growth potential and have attracted investor attention. Mahindra & Mahindra Financial Services, Exide Industries, and MRF are industry leaders in their respective sectors, while Ajanta Pharma and Lupin are prominent companies in the healthcare industry. Tube Investments of India is a renowned player in the engineering sector.

The stock traded at a P/E multiple of 63.74, while the price-to-book value ratio stood at 7.18.

A total of 111,804 shares changed hands on the counter till 01:58PM (IST)

“Most of the uninformed investors end up riding into the late stage of the euphoria and that is where they end up losing money. People should not participate out of FOMO. Market gives enough time and opportunity to every investor and there is a huge amount of money to be made through different sorts of styles. We should be invested in India. We will make lots of money.”

The removal of indexation benefit from debt funds has created a level playing field between debt funds and fixed deposits (FDs). Despite the change, the high interest rate environment provides attractive fixed income options for investors. For investors with short- to medium-term horizons, arbitrage funds are low-risk, provide stability and are tax efficient. For the medium term, debt funds are a better option than FDs due to their liquidity and potential to provide better returns. For investments greater than four years, public provident fund, traditional insurance plans, and debt funds offer flexibility and security.

A total of 128 shares changed hands on the counter till 12:09PM (IST)

The stock traded at a P/E multiple of 6.8, while the price-to-book value ratio stood at 0.83.