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The stock surged 20.15% to close at ₹8.17. Citi reaffirmed its buy rating on the stock with a price target of ₹12, while CLSA upgraded its rating to outperform and raised its price target to ₹10 from ₹6.

The Reserve bank of India has announced an open market operation (OMO) purchase for an aggregate amount of ₹80,000 crore in four tranches of ₹20,000 crore on April 3, April 8, April, April 22 and April 29 each, the central bank said late on Tuesday.

The Nifty Realty index was trading 2.12 per cent down at 833.25.

Indian markets closed lower for the second straight day, with Sensex losing 1,400 points and Nifty falling below 23,200. Sectorally, telecom and oil & gas stocks gained, while banks, IT, and realty stocks saw selling pressure.

Markets regulator Sebi is looking to extend the expected loss-based rating scale for the rating of municipal bonds. This would be in addition to the standardised rating scale.

Sebi extended the timeline for retail investor algo trading norms to May 1, with implementation from August 1. Exchanges sought more time for discussions. The framework ensures regulated access through brokers, safeguards investors, and mandates broker accountability.

The Sensex dropped 1,390 points to close at 76,024 on Tuesday, with 10 BSE 500 stocks hitting 52-week lows. While this may signal buying opportunities, it could also indicate underlying issues, influencing investor sentiment and broader market trends.

US stock indexes opened lower on Tuesday, marking a gloomy start to the quarter, as investors braced for the impending storm of sweeping tariff announcements from the Trump administration.

Overseas Indians sent home a record $129.4 billion in 2024, with $36 billion in the December quarter alone. India has topped global remittances for over 25 years, driven by skilled migration to developed economies and the GCC. Despite inflation, remittances surged 63% since the pandemic, reaching nearly $100 billion for the third consecutive year.