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On the technical charts, the RSI of the stock stood at 59.77.

Analysts said liquidity has been hurt as active investors who buy and sell opportunistically have been overshadowed by automated trading and passive investment strategies. They also blamed tighter regulations that have discouraged risk-taking by some brokers

A total of 11,970 shares changed hands on the counter till time (IST).

“I am hoping India is set up for an extended investment cycle similar to what we saw between 2002-2003 to 2009.”

As of 31-Dec-2021, promoters held 48.05 per cent stake in the company, while FIIs held 28.12 per cent and domestic institutional investors had 11.33 per cent.

Barring Terra, all other nine out of the top-10 digital tokens were trading with decent gains. Meme tokens like Dogecoin jumped more than 7 per cent while its peer Shiba Inu rallied 26 per cent.

The company sales rose 58 per cent to Rs 2,380.33 crore in the quarter ended December 2021 as against Rs 1,508.24 crore during the quarter ended December 2020.

“One cannot look at PSUs just because of the current reported numbers. As the credit growth picks up, the larger part will be taken by the well run private sector banks, says Sandip Sabharwal.”

The company’s total revenue increased to Rs 637.83 crore during the third quarter of the current fiscal year compared with Rs 619.56 crore in the year-ago period, PTI reported.

The issue was subscribed only 16 per cent during the first ninety minutes of the issue. By 10.45 am, the issue saw bids for 40,39,914 equity shares against an offering of 2,54,55,388 equity shares in the issue, the BSE data suggests