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Promoters held 50.21 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 26.0 per cent and 14.09 per cent, respectively.

The Nifty Auto index was trading 0.87 per cent down at 22561.7.

SBI Mutual Fund purchased Vodafone Idea, GMR Airports, NMDC, JSPL, Sundaram Fasteners, Ashoka Buildcon, VIP Industries, IEX, Kajaria Ceramics, and Indian Bank stocks in April. Top stocks bought across AMCs were Nirlon, Kotak Mahindra Bank, HDFC Bank, ICICI Bank, Bharti Airtel, and ITC.

The IPO opened today and will conclude on May 21. HOAC Foods plans to raise approximately Rs 5.5 crore through the SME IPO. The company intends to list its shares on the NSE SME platform.HOAC Foods specializes in the production of flour (chakki atta), herbs and spices, unpolished pulses, grains, and yellow mustard oil.

A total of 35,123 shares changed hands on the counter till 11:41AM (IST).

A circular issued by NSE stated that trading in securities of Brightcom Group will remain suspended until the company complies with the above regulation. After 15 days of suspension, trading in the securities of non-compliant companies would be allowed on a trade-for-trade basis in the Z category on the first trading day of every week for six months.

The Relative Strength Index of the stock stood at 68.17 on Thursday.

.Energy Mission Machineries debuted on the NSE SME platform with a premium of 165%, opening at Rs 366 compared to the issue price of Rs 138. The IPO received overwhelming investor interest, oversubscribed 320 times.

On the weekly options front, the maximum Call OI is placed at 22500 and then towards 22300 strikes while the maximum Put OI is placed at 22000 and then towards 22200 strikes.

Mutual funds invested Rs 10,000 crore in Kotak Mahindra Bank and HDFC Bank in April, despite their decline in Nifty rankings. Fund houses like HDFC MF, SBI MF, and Axis MF raised bets on HDFC Bank, while Kotak Mahindra saw buying from Nippon India MF and others. The investments were based on data from Prime Database.