InCred Equities believes that the consolidation is likely to be sustained till December 2023, until the poll outcome in five major states is announced.
Nelco shares zoomed 16.52% to Rs 739 against the close of Rs 634.50 in the previous session. In the current session, Nelco stock opened at Rs 646.10 on BSE.
Meghmani Finechem stock climbed 15.3 per cent to Rs 1105 against the previous close of Rs 958.35 on BSE. Market cap of the firm rose to Rs 4,527 crore.
BSE Sensex added 5.41 points, or 0.01 per cent, to settle at 62,792.88, while NSE's Nifty50 rose 5.15 points, or 0.03 per cent, to end the session at 18,599 for the day.