The 30-share BSE Sensex pack rallied more than 1,150 points to hit an all-time high of 68,645.23, while the broader NSE Nifty index moved over 300 points to trade at a fresh record peak of 20,624.10.
The brokerage firms are majorly positive on Avalon's issue and suggest subscribing to it citing its reasonable valuations, health growth prospects, solid track record and sound balance sheet.
RVNL stock touched an intraday high of Rs 71.61, rising 4.39% on BSE. Total 8.65 lakh shares of the firm changed hands amounting to a turnover of Rs 6.13 crore
The 30-share BSE Sensex fell 108 points or 0.18 per cent to 58,883 in the early trade, while the broader NSE Nifty moved 18 points or 0.11 per cent lower to trade at 17,341. Mid- and small-cap shares were positive as Nifty Midcap 100 rose 0.19 per cent and small-cap climbed 0.57 per cent.