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The Relative Strength Index of the stock stood at 32.82 on Wednesday.

Promoters held 70.08 per cent stake in the company as of 31-Dec-2024, while FII and DII ownership stood at 5.7 per cent and 5.36 per cent, respectively.

FIIs and MFs increased investments in 32 stocks in FY25, with 15 delivering 50-200% gains. Notable multibaggers include Pokarna, Transformers & Rectifiers, and Gravita India.

The stock traded at a P/E multiple of 54.21, while the price-to-book value ratio stood at 14.15.

Experts note that most grey market activity for IPOs occurs before the issue is launched. IPOs with higher grey market premiums often see strong subscription numbers, making GMP a key factor for investors. Many investors base their decisions solely on GMP, using it as an indicator of potential returns and market interest in the offering.

​We think this churn will also go, there is an end to this churn as well. But in the short term, it will change the landscape. For consumers in India across price bands, if you can deliver products at best price points to their doorstep, there is going to be gradual take-up.

A total of 723,715 shares changed hands on the counter till 02:19PM (IST).

Melania Coin, launched on January 20, 2025, surged initially to a market cap of $2 billion but has since plummeted over 70%, falling to $4.03. Similarly, Trump Coin, launched on January 17, has dropped by 43%, reaching $42.80. Meanwhile, Bitcoin saw a sharp rally past $107,000 after the SEC announced a crypto task force. Both meme coins were launched on the Solana blockchain as symbols of support for Donald Trump’s administration.

Indian water purifier company Kent R O Systems files for an IPO, seeking to sell a 10% stake. Founder Mahesh Gupta and family to offload 10.1 million shares from their 99.77% interest. Revenue reached 11.78 billion rupees in March 2024, trailing competitor Eureka Forbes.

Eight equity mutual funds, including seven small-cap funds and one mid-cap fund, offered over 30% SIP returns in the last five years, with Quant Small Cap Fund leading at 36.43% XIRR.