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“Cycle times are narrowing and we can have multiple bull and bear markets within one year in many of the products – commodities as well as stocks. The reason for that is the high momentum trading, the algo-based trading, quant-based trading. All of that has impacted the sharpness with which prices move up and down across the board on all publicly traded products. This is the new normal.”

The couple has been holding the owner of India Gate Basmati rice brand at least since the December quarter of 2015, data compiled by Trendlyne suggested. They have been holding on to about a 4 per cent stake in the company at least since the previous eight quarters.

The Relative Strength Index of the stock stood at 75.45 on Thursday.

Most investors focus purely on the price and the price trend, but they tend to overlook the PE trend and the earnings trend over the lifespan of an investment. But it is very important to understand the reason for price fluctuations. Stock prices tend to surge due to a surge in PE or increased earnings, or both.

A total of 2,826 shares changed hands on the counter till 01:55PM (IST).

However, the developers have refuted the allegations reported by various media platforms. Their statement added that the drop was likely due to a single sell order of over $2 million by a large token holder that affected the price.

"With huge projects coming under roadways, including metro projects and irrigation & water infra projects, these sectors are likely to witness good traction in awarding activity along with building quality infrastructure," the brokerage firm pointed out.

“The markets have been in the fair zone. There is some risk in the markets because of an earnings downgrade and to that extent, there could be some downside in the markets going forward. At least for the next one quarter or so, I think it would be quite volatile.”

According to a recent report in June, the brokerage called the company a jack of many games but master of one, as barring eSports, Nazara is not a dominant player in any of the other segments.

Led by continued strength in the retail and SME segment, credit growth had accelerated to about 12.1 per cent YoY in the middle of June.NIM or net interest margin is expected to grow since the yield on advances would have moved up faster than the cost of deposits due to repo rate-linked loans getting re-priced immediately.