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The Relative Strength Index of the stock stood at 46.98 on Thursday.

Indraprastha Gas, incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 29281.03 Crore) operating in Gas & Petroleum sector.

Equity markets were plagued by a host of issues this year including rising interest rates, slowing economic growth, Adani crisis and the latest fallout of the banking crisis in the US. Benchmark Nifty is currently 10% down from its peak.

The trend in this counter is negative and investors could look to sell it on rise, Jain said. His view on the tock is over positional term. Any material upside in the stock will open only if the counter breaches over Rs 470 which is a strong support zone, Jain added.

A total of 2,209 shares changed hands on the counter till time (IST).

The Nifty Realty index was trading 0.03 per cent up at 383.1.

Sumitomo Wiring will sell about 230 million shares in the company in a deal that is valued at Rs 1,607 crore. The promoter company held about 17.55% stake in Samvardhana Motherson as of December quarter

On Wednesday, GNFC shares ended at Rs 529.30 on the NSE and were up by Rs 4.10 or 0.77% despite a lacklustre trade in the broader markets. Meanwhile, the benchmark indices BSE Sensex and NSE Nifty have been in a falling trend over the past five trading sessions on the back of twin banking disasters in the US.

GMR Airports Infrastructure, incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 24958.63 Crore) operating in Infrastructure sector.

Market veteran Shankar Sharma recommends that investors allocate at least 20% and 30% of their equity exposure to funds managed by professional investors. He also advises against investing in private banks or banks in general, and suggests that investors focus on small caps. He also recommends that retail investors allocate a portion of their portfolio to real estate, gold, and fixed income.