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The current directionless price action with a possibility of further pressure to the downside has introduced heavy uncertainty to the digital asset market

After a flat start on the bourses, shares of CMS Info Systems witnessed strong demand, surging 19 per cent to scale an intraday high of Rs 260 per share. The scrip had initially listed at 220.2 apiece, a premium of merely two per cent over its issue price of Rs 216 on NSE. It listed a Rs 218.5 on BSE. About 23 lakh shares had changed hands on the bourse by 11.45 am.

"In 2020-21, TCIL achieved standalone revenue and profit-after-tax of Rs 17,492.90 million and Rs 527.70 million respectively," the release said.

High vehicle prices and impending launches of several electric models are likely to have affected demand

“The catch-up to value has happened over the last two years but that said, we are very positive that this will again be a positive return year for the third year in succession.”

Ajit Mishra, VP- Research, Religare Broking said investors can continue to hold CMS Info Systems with the long term view, considering its past financial performance and future growth prospects. "The company is broadening its network and also planning to add new business areas. New investors can start buying in a staggered manner on dips," he added.

The Relative Strength Index of the stock stood at 59.48 on Friday.

The stock quoted a 52-week high price of Rs 604.0 and a 52-week low of Rs 455.0.

A total of 4,629 shares changed hands on the counter till 02:09PM (IST)

Gold prices in India have capped its downside compared to the fall in COMEX gold prices because of some relief from rupee depreciation.