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The currency was stuck in a narrow range for most of the session, as has been the case over the past few days amid lack of triggers in the lead up to the Federal Reserve meeting next week.

UltraTech has 138 million tonne capacity. A price rise is just around the corner and once we are through with the monsoon, cement consumption will be at an all time high. So Ultratech Cement and Grasim which is the holding company and the business in VSF VFI is doing extremely well. Lastly, Larsen and Toubro, which has given double-digit guidance. Their order book is at an all time high.

A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.

The company has fixed a price band of Rs 1,026-1,080 for its IPO, which is completely an offer for sale (OFS) of 40 million equity shares by promoters and other existing shareholders.

Investors will closely monitor results from some of the highest-valued U.S. companies including Microsoft Corp, Google parent Alphabet Inc and Amazon.com Inc this week.

​Reliance Industries on Friday reported a 19% year-on-year (YoY) rise in consolidated net profit for Q4FY23 to Rs 19,299 crore.

A total of 327,379 shares changed hands on the counter till time (IST).

"Yes Bank slippages, both for the quarter sequentially and also YoY, have come down almost 25%. This year, the slippage is in the range of 2.5%. Going forward, we would be able to control the slippages between 1% and 1.5%, not more than that. Because continuously, our SMA-2 number, which is 61-90 days, are improving."

As per Trendlyne data, the average target price of the stock is Rs 61, which shows a downside of 26% from the current market prices. The consensus recommendation from two analysts for Rail Vikas Nigam is a strong buy.

On the technical charts, the RSI of the stock stood at 51.81.