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The company, in consultation with the lead bankers to the issue, may consider a pre-IPO placement aggregating up to Rs 51 crore. If such placement is completed, the fresh issue size will be reduced.

The Relative Strength Index of the stock stood at 42.98 on Wednesday.

Other top crypto tokens were also trading higher. XRP zoomed nearly 12%. Cardano, Polygon and Litecoin were also trading with gains. The global cryptocurrency market cap was trading lower around $1.18 trillion, rising 3.73% in the last 24 hours.

The insolvency plea by IndusInd Bank against Zee had raised questions over the smooth merger of the company with Sony Pictures, which was already delayed due to regulatory requirements. In February alone, shares of Zee Entertainment lost nearly 14% of its value.

The stock quoted a 52-week high price of Rs 3698.5 and low of Rs 2366.55.

Technical Analyst and Founder of Chart Analytics, Foram Chheda, recommends buying shares in Route Mobile, which has attempted a breakout from resistance levels around Rs 1360-1365. The stock price has already surpassed the 200-day moving average, indicating a bullish trend. It is suggested investors buy partially at current levels, add on more at Rs 1,340, maintain a stop loss below Rs 1,299, and look for a target of around Rs 1,445. The Nifty has been volatile, with support at 16,800-16,747 and resistance at 17,200, potentially leading to a consolidated market.

The interim dividend, if declared by the Board, will be paid to the shareholders whose names appear on the register of members of the company or in the records of the depositories as beneficial owners of the shares as on April 13.

Gold is seen as a haven for investment in times of crisis and price movement in the yellow metal is inversely related to the movement in the dollar index.

ETMarkets has identified seven stocks that not only provided a 100% return to investors in a single fiscal year but have consistently delivered over 100% returns for the past three fiscal years (FY21, FY22, FY23).

A total of 22,391 shares changed hands on the counter till 02:14PM (IST)