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Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 21.09 per cent, DIIs 34.62 per cent.

Analysts also point that being a forward-looking animal, the market would have already factored in global recession worries as investors were aware of this high probability event since the past few months.

India VIX was down by 0.48% from 15.51 to 15.43 levels on Wednesday. Volatility spiked above 16 and thereafter cooled during the day. It needs to come below 14 zones for stability to resume. On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18100 strikes while the maximum Put OI is placed at 17700 and then towards 17900 strikes.

Stock remain in strong up trend sustaining above the recent breakout area and 20 days EMA signaling continuation of the up move.

Despite a stellar response to the initial public offering (IPO), the stock couldn’t command a significant premium in the unofficial or grey market, due to the prevailing weak market sentiment. A day ahead of the listing, the stock was trading at a premium of Rs 10 to its issue price in the grey market.

"SWP is an extremely powerful way in which you can provide for yourself - because people are now living for 30-35 years beyond retirement. When you live for that long, you will be needing money and for that long, you cannot afford to lock in your entire amount in a fixed income because that will not beat inflation and you need to beat inflation after taxes."

"I do not see any reason to believe that the 5G capex requirements have gone up in the last couple of weeks or last one month because this is something which companies have announced and they have plans for in past interactions with the investor community as well as public. I do not see any reason for a 5G capex acceleration to happen in any case."

The Nifty Realty index was trading 0.13 per cent down at 424.4.

CLSA maintained its buy call on IRB Infrastructure and L&T. The global investment bank is of the view that the government CAPEX is likely to pick up ahead of elections.

Gujarat Gas, incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 32120.28 Crore) operating in Gas & Petroleum sector.