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As of 30-Sep-2021, promoters held 51.5 per cent stake in the company, while FIIs held 7.21 per cent and domestic institutional investors had 3.92 per cent.

According to analysts, 2021 has been a great year for investors where the benchmarks witnessed return of around 21 per cent but the real wealth was created in the broader market.

The Relative Strength Index of the stock stood at 39.66 on Thursday.

At the close, the Shanghai Composite index was up 0.62% at 3,619.19 points, posting its biggest daily percentage gain since Dec. 21.

“The broader themes which we like over the next two to three years are – banking and financials, industrials related to real estate and digital space. Oil and gas can be avoided.”

The stock traded at a P/E multiple of 22.74, while the price-to-book value ratio stood at 5.64.

A total of 12,113 shares changed hands on the counter till 01:50PM (IST)

The orders are from India, Africa, the Commonwealth of Independent States and South America, while the company’s international subsidiary has secured new power transmission projects in Europe.

The stock traded at a P/E multiple of 76.55, while the price-to-book value ratio stood at 5.13.

Abhay Doshi, Co-founder, UnlistedArena said the issue has received a muted response from investors and is eyeing an at par listing. "The valuations were not highly aggressive to its peers. Investors should see how ATM demand pans out in India after Covid-19 and focus on digital transactions," he added.