The company’s shares rose 8.52%, the most since listing on Dec. 12, 2022, before paring gains to trade up 3.78% as of 9:51 a.m. This compares to a 0.1% decline in NSE Nifty 50.
The stock is up 56.24% year to date. Total trading volume so far today stands at 34 times its 30-day average. The relative strength index was at 67.34.
Of the 18 analysts following the company, 11 maintain a « buy » rating, three recommend a « hold » and four suggest a « sell, » according to Bloomberg data. The 12-month average consensus price target implies a downside of 11.0%.
