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Both indices have gained in four out of five trading sessions and have managed to log their second best week in seven months. In the financial year ended March 31, the Nifty and the Sensex rose more than 18% each.

The stock quoted a 52-week high price of Rs 2577.45 and a 52-week low of Rs 1718.0.

On the technical charts, the RSI of the stock stood at 65.32.

Data on sectoral deployment of bank credit released by the Reserve Bank of India on Thursday suggests a firm pick-up in loan disbursements across key areas, with overall non-food credit registering an on-year growth of 8 per cent in February 2022.

"Investors tend to sell stocks at the beginning of a new fiscal year to book profits so that they can feel comfortable having cash available in the new year," said Shoichi Arisawa, general manager at the investment research department at IwaiCosmo Securities.

A total of 118,514 shares changed hands on the counter till time (IST).

The S&P/ASX 200 index ended the choppy session 0.08% lower at 7,493.8. For the week, the index added 1.2%.

At 0741 GMT, the rouble was 0.1% weaker against the dollar at 83.25, earlier clipping 80.3325, its strongest mark since Feb. 23. It had gained 0.2% to trade at 92.29 versus the euro.

The stock traded at a P/E multiple of -13.53, while the price-to-book value ratio stood at 599.54.

“We have a big overweight position in specialty chemicals; we continue to hold it. We have increased our exposure to IT and a new sector, theme or trend that we have added in this fall is capital markets. And that is how we are planning to navigate the year ahead.”