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Open interest can provide insights into market sentiment and potential price movements. When open interest increases along with rising stock prices, it suggests the creation of new long positions, indicating bullish sentiment.

A total of 55,926 shares changed hands on the counter till 01:54PM (IST).

​So, Hyundai is probably an harbinger of that, but you could actually see more such MNC players coming in and listing their companies in India because of the premium that Indian stocks tend to get.

On the technical charts, the RSI of the stock stood at 60.11.

As of 31-Mar-2024, promoters held 0.0 per cent stake in the company, while FIIs held 20.86 per cent and domestic institutional investors had 19.27 per cent.

Sensex and Nifty50 traded lower on Friday, dragged down by banking and IT stocks after hitting record highs. BSE Sensex was down 198 points at 76,611, while Nifty50 traded at 23,354.

Stanley Lifestyles announces IPO opening on June 21 with a price band of Rs 351-369 per share. It aims to raise Rs 537 crore and be listed on NSE and BSE platforms.

​What we have scanned and found out is that they expect the demand to improve in calendar year 2024 but definitely it will be below normalised level. Secondly, their priority is to upgrade the tech stack.

The stock quoted a 52-week high price of Rs 6442.65 and low of Rs 4518.35.