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“Pent-up demand is over. The festive season will show the true level of demand now. The lower starting level in India is reflecting in better numbers and better rebounds than what people have anticipated, but the big picture is there is still a little bit of catching up to do.”

Jhunjhunwala has in the past expressed bullishness on the prospects of state-owned banks, which over the past decade have been crippled by non-performing loans.

Promoters held 0.0 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 40.14 per cent and 31.48 per cent, respectively.

The stock quoted a 52-week high of Rs 6984.95 and a 52-week low of Rs 3362.05.

A total of 628 shares changed hands on the counter till 01:57PM (IST).

The spot price of the yellow metal has inched higher compared to the previous day, whereas silver has declined about Rs 400 per kg during the period under review.

The Relative Strength Index of the stock stood at 39.87 on Thursday.

A total of 21,748 shares changed hands on the counter till 12:34PM (IST).

Promoters held 46.74 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 19.64 per cent and 13.21 per cent, respectively.

The stock quoted a 52-week high of Rs 98575.9 and a 52-week low of Rs 57887.85.