The trend is eerily familiar to market participants in Hong Kong, which was a hotbed for mysterious moves in tiny stocks before a regulatory crackdown brought new offerings to a virtual halt. As small Chinese companies that might otherwise have listed in Hong Kong turn to the US as an alternative, Network 1 has emerged as one of the most active players in this growing corner of the market.

The company on Saturday announced that it has secured a significant order for a carbon capture pipeline project in the United States. "This order is for the supply of 785 miles (1,256 KM) or 100,000 MT (approximately) of high-frequency induction welding (HFIW) pipes, and would be used for transporting captured carbon dioxide," the filing said.

A total of 23,839 shares changed hands on the counter till 02:11PM (IST)

Investors also watched for any new developments in the ongoing energy crisis in Europe amid the stoppage of Russian natural gas supply, prompting many governments to plan measures to overcome a cold winter ahead.

The stock traded at a P/E multiple of 40.99, while the price-to-book value ratio stood at 27.81.

On the technical charts, the RSI of the stock stood at 36.25.

United Spirits Ltd. key Products/Revenue Segments include Beverages (Alcohol), Income From Franchise, Scrap and Other Operating Revenue for the year ending 31-Mar-2022.

For the quarter ended June 30, 2022, the company reported consolidated net sales of Rs 2,001.91 crore, up 43 per cent from the year-ago quarter's net sales of Rs 1,140.11 crore. The company reported a net profit of Rs 131.92 crore for the latest quarter.

NFTs are cryptographic tokens that use blockchain technology to verify their ownership and cannot be replicated and are used to represent digital and real-world items such as artwork and real estate, allowing these assets to be traded.