Suprajit Engineering Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 4681.61 Crore) operating in Auto Ancillaries sector.
Suprajit Engineering Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 4681.61 Crore) operating in Auto Ancillaries sector.
The Relative Strength Index of the stock stood at 40.01 on Tuesday.
Shares of Mahindra Holidays on Tuesday gained close to 9 per cent and scaled their fresh 52-week high of Rs 313.6 per share. The scrip has logged the biggest single-day gain since March 22, 2022. Volumes at the counter rose over three times the 10-day average trading volume. The scrip in a month’s time has zoomed 18 per cent.
On the technical charts, the RSI of the stock stood at 70.21.
Cement stocks have been on the radar considering the government's infra push and acquisition of Ambuja Cements and ACC by Adani Group. Analysts said the twin acquisitions by Adani have raised hopes of more such deals in the sector as a few players are finding it difficult to pare their leverage and may be willing to exit the cement business at good valuations.
The Relative Strength Index of the stock stood at 40.52 on Tuesday.
"We have acquired a 5.03 per cent stake in McLeod Russel and have sent our letter to bankers, offering to infuse upfront equity (capital) worth Rs 300 crore and a debt of Rs 945 crore for a resolution for the company's outstanding debt.
A total of 38,731 shares changed hands on the counter till 12:29PM (IST).
On the technical charts, the RSI of the stock stood at 45.02.