Buy call for Rashtriya Chemicals and Fertilizers (RCF) shares for a target of Rs 170 with a stop loss at Rs 160 Buy call for Garware Technical Fibres Ltd shares for a target of Rs 3,300 with a stop loss at Rs 3,190
Jai Corp share price: The stock soared 5 per cent to hit their upper price band of Rs 369.60. At this price, the multibagger stock has gained 143.32 per cent on a year-to-date (YTD) basis and 113.33 per cent in the last six months. The scrip was just 0.66 per cent away from its one-year high price of Rs 372.05, a level seen on October 19, 2023.
In a secular bull market, secondary correction is a common phenomenon wherein small cap index has a tendency of correcting 12-15 per cent from swing highs, said ICICI Securities.
Broader indices also saw sharp cuts as the Nifty Midcap 100 cracked 1.13 per cent and Nifty Smallcap 100 lost 0.79 per cent. Fear gauge India VIX droppe 0.55 per cent to 10.84. Asian stocks settled lower today.