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The stock quoted a 52-week high price of Rs 2700.0 and low of Rs 1660.65.

US cryptocurrency regulations, which are seen to be negative and critical, have driven thousands of crypto experts to leave the country, according to the CEO of cryptocurrency exchange Blockchain. Speaking at the Qatar Economic Forum, Peter Smith said that the US stance has led to other countries, including France, Portugal, the United Arab Emirates, Singapore, Hong Kong and London, benefiting from "a huge amount of talent" and becoming very constructive over regulation. Smith says that Blockchain is now investing mainly in Singapore and Europe, as they are the most certain environments for the company.

The Nifty Auto index was trading 0.53 per cent up at 14103.55.

As of 31-Mar-2023, promoters held 74.36 per cent stake in the company, while FIIs held 14.66 per cent and domestic institutional investors had 3.71 per cent.

Equity markets in India closed slightly higher due to late buying. Realty index rose 1.10% and FMCG increased by 0.69%. On the contrary, metal, commodities, energy and financial services were the top laggards. HDFC Bank shares have corrected by nearly 5%, and the medium-term chart structure remains bullish. Chalet Hotels rallied over 15%, reaching its all-time high of INR450. Voltas shares, after a short-term correction, consolidated in the range of INR795 to INR810.

"Jindal Steel has become an extremely attractive buy at this price, along with Tata Steel. Other than steel, Hindalco and Hindustan Copper. If you have a three-month period, these stocks can give a 20% return as both ferrous and non-ferrous have come back on the table with China spending and the underperformance coming to an end."

​ This indicates a bullish sentiment in the market as the average traded and delivered quantity for five days along with the cumulative open interest and price for the underlying stocks have increased. ​

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

The auto ancillary sector is likely to outperform, with expectations for the Nifty Auto Index to reach 15,000 levels. The tyre stocks are showing a lot of traction, with Ceat sitting at an all-time high level. This is why it is a preferred stock with a target of Rs 2,250-2,350. M&M is another recommended stock to have in the portfolio for the medium to long term despite not taking off. With recent retracement to 38% of its recent move, it is a good time to enter the stock.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, eight stocks crossed their previous 5-year high value at the close on May 25, suggesting bullishness in counters.