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The SME IPO of Medicamen Organics commenced its subscription on Friday and is scheduled to conclude on June 24. The company intends to raise approximately Rs 10.54 crore through this offering. Once successfully subscribed, the shares will be listed on the BSE SME platform.

The stock quoted a 52-week high price of Rs 1334.05 and a 52-week low of Rs 878.5.

Lemon Tree Hotels Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2023.

On June 6, a golden crossover was also formed on the chart, an indication of a potential bullishness of the security, when the 10-day EMA crossed over the 20-day EMA.

The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

On the options front, the maximum Call OI is placed at 24000 and then towards 23500 strikes, while the maximum Put OI is placed at 23000, and then towards 23300 strikes.

Balaji Amines Ltd., incorporated in the year 1988, is a Small Cap company (having a market cap of Rs 7916.21 Crore) operating in Chemicals sector.

Rahul Jain of Dolat Capital says that the guidance for the current fiscal has been very weak in the case of the IT companies that give explicit numbers, be it Infosys or HCL Tech. And if they do not surprise positively during the earnings season, all the momentum can gradually fizzle out.

On the technical charts, the RSI of the stock stood at 68.03.