Stay updated with breaking news from Tech View. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Amidst this downturn, the addition of substantial open interest in the 19500CE options signifies that the index is poised to expire below the 19,500 mark on Thursdays expiry.
The Relative Strength Index of the stock stood at 54.31 on Tuesday.
The stock traded at a P/E multiple of 9.75, while the price-to-book value ratio stood at 1.27.
Although the trend remains weak, the failure to fall below 19,245 on a closing basis may lead to a short-term pullback in the market. The RSI has shown a bullish crossover. Support is positioned at 19,245; a decisive breach below this level could attract significant selling pressure. On the higher end, resistance is observed at 19,450.
A total of 703,930 shares changed hands on the counter till 11:42AM (IST).