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Both sectors derive significant demand from China, and rose after authorities eased more curbs in Beijing and Shanghai over the weekend.

Beijing and commercial hub Shanghai have been returning to normal in recent days after two months of bitter isolation under a ruthless COVID-19 lockdown.

But the actual widespread reach of quant has taken a flight over the last couple of years when even the retail investors have started trusting technology to make transactions and become excited about quantitative and machine learning-driven innovations in the markets.

A total of 18,165 shares changed hands on the counter till 02:05PM (IST)

"Some of these stocks like ONGC, GAIL, etc, should just be removed from the screens and should not be monitored at all. These are very inefficient companies which have not been able to take care of either upswing in the market or when they have generated huge cash flows to invest in a manner where value will be created for shareholders."

Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 51894.62 Crore).

While the aggregate growth appeared impressive, it was hardly broad-based and driven only by three sectors: BFSI, O&G, and Metals. More than half of the incremental growth was steered by BFSI.

“Cash is not a very good viable long-term option. We should be invested in proxies for real assets or the real assets themselves and things that one can touch with one’s own two hands like commodities, the proxies for them or the companies that produce them. Not entirely but certainly have a healthy exposure to these.”

As of 31-Mar-2022, promoters held 48.76 per cent stake in the company, while FIIs held 20.83 per cent and domestic institutional investors had 10.09 per cent.

The Relative Strength Index of the stock stood at 51.73 on Monday.