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A total of 12,347 shares changed hands on the counter till 11:57AM (IST)

The Relative Strength Index of the stock stood at 43.01 on Monday.

The stock quoted a 52-week high price of Rs 512.05 and low of Rs 350.35.

Indian Energy Exchange Ltd. key Products/Revenue Segments include Sale of services and Other Operating Revenue for the year ending 31-Mar-2021.

Motherson Sumi Systems in January 2021 said that it would demerge its wiring harness undertaking and list it as a separate entity. The promoters of the company are Motherson Sumi and Sumitomo itself.

“In the case of PVR-Inox, we do not need to just see the trading multiples of the past because the entire industry is going to see a dramatic shift. FY24 is the year when the merger will actually happen in terms of numbers, etc. Then if there is no other issue, then this industry can trade at 20-25 times also.”

Buying back shares is considered a tax-efficient way of rewarding shareholders. The government owns a 51.80 per cent stake in the company though it is uncertain if it will be participating in the buyback.

PVR-INOX merger offers compelling synergy, said CLSA, which has retained a Buy rating on both the stocks.

Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 19050.95 Crore) operating in Real Estate sector.

The electric vehicle (EV) charging station "will enable quick turnaround time for EV owners with best-in-class fast charging technology and convenient use digital platforms," the company said in a release.