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The stock quoted a 52-week high of Rs 1063.45 and a 52-week low of Rs 737.6.

A total of 24,188 shares changed hands on the counter till 01:59PM (IST)

Indian stock market benchmark Nifty is expected to reach the 21,000 mark within the next 6-9 months, according to a report by ICICI Direct. The firm said that the last four general elections resulted in the 50-stock index gaining a minimum of 11% in the electoral year, citing history as evidence.

ABB India hit a 52-week high of Rs 4,556.00 on July 13, showcasing its strong market performance. ABB India is a leading technology company offering a wide range of solutions in electrification, automation, and digitalisation.

​In fact, a couple of weeks back, India-dedicated flows received the highest levels in probably 15 years. We just got $500 million per EPFR in that week. So, one is liquidity. Now, if you go to fundamentals, Q4 numbers were okay, EBITDA growth YoY of 11%, PAT growth of 19% but the quality was poor especially in the Reliance which moved numbers by quite a bit (5:55) to lower tax.

The Relative Strength Index (RSI) is a widely used momentum oscillator to determine overbought or oversold conditions for a stock. A score above 70 indicates overbought conditions while a reading below 30 suggests oversold conditions.

The IPO comprises a fresh issue of equity shares worth Rs 206 crore and an offer-for-sale (OFS) of 85 lakh equity shares by promoters. Those selling shares in the OFS are Sanjay Lodha, Vivek Lodha, Navin Lodha, Niraj Lodha, and Ashoka Bajaj Automobiles LLP. Proceeds to the tune of Rs 32.77 crore will be used to fund capital expenditure, Rs 128.02 crore to support long-term working capital, Rs 22.5 crore for debt payment, besides for general corporate purposes.

The Relative Strength Index of the stock stood at 52.52 on Thursday.

The stock quoted a 52-week high of Rs 2784.95 and a 52-week low of Rs 1593.5.

Varun has a history of getting a kickstart from its earnings announcement. The company’s quarterly revenue has beaten the Bloomberg average analyst estimate on 20 of the past 23 occasions, while shares have risen an average 7.4% in the month following its results.