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The stock quoted a 52-week high price of Rs 848.0 and a 52-week low of Rs 595.85.

Investors will be allotted four shares of Piramal Pharma (PPL) for every one share of Piramal Enterprises (PEL) held in their demat account. If any investor wants to reap the advantage of the demerge can buy the stock on Monday to get the delivery of shares.After the demerger, promoters will hold a 44 per cent stake in Piramal Enterprises, whereas the remaining 56 per cent stake will remain with the public and other shareholders.

While the US dollar index has once again shot up above the 109 mark pushing the Indian rupee to a record low level, the US 10-year bond yield has also spiked above 3.1 per cent. Analysts say a surge in these two indicators are signals enough that FIIs would be very reluctant to be net buyers on Dalal Street, at least in the near term.

A total of 32,403 shares changed hands on the counter till 01:55PM (IST)

The Nifty Auto index was trading 0.8 per cent down at 12825.4.

"Historically, midcaps tend to perform well in the month of September as per seasonality analysis. So, we believe this theme would continue to be in play for the coming month. P&F ratio analysis shows a thought-provoking finding i.e. post an anchor column (bullish) it staged a bullish turtle breakout – which implies outperformance of midcaps against Nifty."

The pharma major fell more than 5 per cent in a week which triggered the breakdown from a 50-point range where Rs 700 acted as a stiff resistance while levels of Rs 658-660 and above acted as strong support. The stock closed at Rs 652 on 26 August 2022.

Bharat Forge Ltd. key Products/Revenue Segments include Steel Forgings, Scrap, Export Incentives, Job Work, Wind Mills for the year ending 31-Mar-2022.

Dipan Mehta, Director at Elixir Equities, said there is always excitement around Reliance AGM, and one should expect some announcements, even as there may not be the fireworks we saw in earlier AGMs.

On the technical charts, the 200-day moving average of the stock stood at Rs 758.99.