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Promoters held 0.0 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 15.21 per cent and 4.59 per cent, respectively.

The National Stock Exchange has the potential to become a multibagger stock, boasting a near-monopoly status, 35% plus CAGR in revenues and clean promoters at the helm, says Prabhudas Lilladher. The exchange’s PE ratio stands at 22, versus 50 times for MCX and 37 times for BSE Limited. While the initial public offering remains elusive, the public issue could be launched next year. However, options trading could pose a risk, with close to INR51,000 crore in government revenue generated by the sector. Delayed IPO and a pending Supreme Court case against the NSE are also risks.

I do not have confirmed breakup but many of the Indian mutual funds have participated and there are also some FII who have participated.

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

IT services company Wipro, IT consulting firm TCS, and IT services provider Infosys are among the stocks on the Nifty50 that are nearing their 52-week lows, according to data from Trendlyne. Zee Entertainment Enterprises, a media and entertainment company, and engineering firm Voltas are also close to their lows. Despite concerns among some investors, this presents opportunities for others looking to invest in undervalued assets in the market. These companies have strong market presences and diversified portfolios, making them attractive investments for those seeking long-term growth potential.

Bitcoin, Ethereum and Binance Coin were traded with cuts, while XRP, Dogecoin and Shiba Inu traded with gains. Bitcoin fell 0.43% to $26,431 and its volume decreased by 1.91% to $9.3 billion in the last 24 hours. The global cryptocurrency market cap was trading around $1.07 trillion, falling 0.35% in the last 24 hours. Despite the rate hike pause by the US Fed, which failed to cheer the market, the market cap of Bitcoin remained at around $512 billion. Major market oscillators point toward a Neutral sentiment, according to experts.

A total of 65,522 shares changed hands on the counter till 02:14PM (IST).

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

We go overweight on sectors and companies which are on earnings and valuation upcycle and reduce or exit from sectors where valuations go ahead of earnings potential.

Nifty has been trading in an uptrend with formations of higher highs and higher lows. The index has also managed to sustain above its 21DEMA since April 2023. Nifty is trading in an ascending channel pattern and bouncing strongly whenever it approaches the channel support.