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​A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment.

A total of 11,627 shares changed hands on the counter till 12:38PM (IST)

The hotel sector has the potential to move up. One can also consider the insurance sector. Within the BFI side space, insurance has been a laggard for the last four years both on the general and health side. There is good opportunity, both in the private as well the public sectors. Quant likes that also apart from FMCG, pharma and larger infra themes.

As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 9.58 per cent and domestic institutional investors had 5.53 per cent.

Gold and silver prices dropped significantly in the domestic market following a sharp cut in custom duty. Experts suggest a bearish trend may continue with resistance and support levels identified for traders.

The Relative Strength Index of the stock stood at 59.27 on Wednesday.

Promoters held 44.78 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 27.41 per cent and 10.36 per cent, respectively.

The stock quoted a 52-week high price of Rs 239.2 and a 52-week low of Rs 111.5.

Sandeep Tandon, CIO, Quant Mutual Fund, discusses potential impacts on trading volumes due to short-term gains tax changes. Maturity and global interest will help absorb the shock. Bond market positively responded to fiscal discipline. Key concerns include the US market and interest rates. Investment opportunities exist in FMCG, PSUs, insurance, and energy sectors.

Analysts recommend over 50 stock picks post Budget, including Ultratech, HUL, ICICI Bank, TCS, and more. Industries like agro-chemicals and automobiles are expected to benefit.