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On the technical charts, the 200-day moving average of the stock stood at Rs 251.79.

“The game changer is probably being announced by Reliance in the low cost phone models which are being given to the masses at an EMI and on a monthly plan basis which is combining the data along with it.”

A total of 215 shares changed hands on the counter till time (IST).

Jamna Auto Industries Ltd. key Products/Revenue Segments include Automobile Products & Accessories, Scrap for the year ending 31-Mar-2021.

Such is the confidence of Edelweiss Securities that despite valuing the company’s specialty chemicals business at 10 per cent discount to industry average and the commodity business at just 10 times one-year forward earnings, it sees 54 per cent upside in the stock.

The retail and DII enthusiasm is getting fundamental support from positive economic data like record GST collections, PMI at 55.9 and better than expected Q2 results. An important event that can influence financial markets globally is the FOMC meet starting today, said an analyst.

“In CY2021, emerging markets have largely remained flat but as there is nervousness in the global market, there could be some more selling from FIIs and Indian investors as well.”

In the next Samvat, analysts expect the Indian stock markets to continue giving up to 20 per cent returns, according to a poll of 14 brokerages conducted by ETMarkets.com poll.

On the technical charts, the RSI of the stock stood at 47.94.

The stock quoted a 52-week high price of Rs 1718.45 and low of Rs 333.55.