The stock which is part of the S&P BSE Smallcap index rose from Rs 507 as on July 24, 2023, to Rs 558 recorded on August 24, 2023 which translates into an upside of about 10% in a month.
On Monday, 2062 stocks advanced, 1675 declined and 170 remained unchanged, with an advance decline ratio of 1.23 on the Bombay Stock Exchange (BSE), indicating a negative closing of stocks in broader markets. Domestic equities prompted buying, notably in the IT sector, as a result of the global market s recovery following a big slump.
On Tuesday, 2212 stocks advanced, 1445 declined and 128 remained unchanged, with an advance decline ratio of 1.53, indicating a positive closing of stocks in broader markets. Ongoing concerns about continued global uncertainty hindered Indian shares ability to sustain their upward pace, even in the face of supportive international markets. IT and pharmaceuticals, two industries strongly linked to the Western economy, suffered setbacks, while power stock and mid- and small-cap stocks linked to government spending and private capital expenditure, remained strong.
Stock Market Highlights for 08 August, 2023: Sensex, Nifty fall in cautious trade ahead of RBI MPC thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.