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A total of 4,147 shares changed hands on the counter till 01:07PM (IST)

The dollar remained strong following a robust U.S. jobs report, shifting expectations for Federal Reserve rate cuts. Escalating Middle East tensions increased safe-haven flows, supporting the yen. Focus this week will be on U.S. inflation data and Fed meeting minutes, with cautious rate cut stances from the Fed and other central banks.

The said target prices indicate an upside potential of 27% for the former and 31.5% for the latter, with respect to Monday’s closing price.

Shares of SpiceJet surged by 9.5% after the announcement of adding 10 new planes to bolster its fleet by November. The company is acquiring seven planes on lease and reintroducing three previously grounded aircraft, following a successful funding round that raised Rs 3,000 crore.

A Price-to-Earnings (PE) ratio below the industry average suggests that a stock is valued lower relative to its earnings compared to its peers.

China’s stock rally tapered and Hong Kong shares slumped as officials provided few details on economic stimulus plans. Mainland markets surged but then moderated, while the Hang Seng fell significantly. Investors showed caution, leading to sharp drops in the yuan and industrial metal prices.

The stock quoted a 52-week high price of Rs 483.65 and a 52-week low of Rs 262.1.

On the technical charts, the RSI of the stock stood at 46.0.

I think initially the market was very sceptical of the policy moves. Then, when they saw the commitment on the part of the Chinese authorities, they went into it with both hands.