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The Relative Strength Index of the stock stood at 75.45 on Thursday.

Most investors focus purely on the price and the price trend, but they tend to overlook the PE trend and the earnings trend over the lifespan of an investment. But it is very important to understand the reason for price fluctuations. Stock prices tend to surge due to a surge in PE or increased earnings, or both.

A total of 2,826 shares changed hands on the counter till 01:55PM (IST).

However, the developers have refuted the allegations reported by various media platforms. Their statement added that the drop was likely due to a single sell order of over $2 million by a large token holder that affected the price.

"With huge projects coming under roadways, including metro projects and irrigation & water infra projects, these sectors are likely to witness good traction in awarding activity along with building quality infrastructure," the brokerage firm pointed out.

“The markets have been in the fair zone. There is some risk in the markets because of an earnings downgrade and to that extent, there could be some downside in the markets going forward. At least for the next one quarter or so, I think it would be quite volatile.”

According to a recent report in June, the brokerage called the company a jack of many games but master of one, as barring eSports, Nazara is not a dominant player in any of the other segments.

Led by continued strength in the retail and SME segment, credit growth had accelerated to about 12.1 per cent YoY in the middle of June.NIM or net interest margin is expected to grow since the yield on advances would have moved up faster than the cost of deposits due to repo rate-linked loans getting re-priced immediately.

The CASA deposits saw YoY growth of 55 per cent and quarter-on-quarter (QoQ) growth of 7 per cent to Rs 10,548 crore. The figure stood at Rs 9,855 crore in March 2022 quarter and at Rs 6,793 crore in the June quarter last year.

A total of 14,278 shares changed hands on the counter till 01:04PM (IST).