“Bulk of the IPOs over the last three to four years have delivered positive returns but at the same time, we need to keep in mind the fact that right now we are at all time highs and hence more IPOs will be showing a positive rather than a negative trend.”

Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 222217.64 Crore) operating in Auto sector.

A total of 11,185 shares changed hands on the counter till 10:26AM (IST).

The Nifty Bank index was trading 1.12 per cent down at 40416.2.

The stock quoted a 52-week high price of Rs 442.95 and a 52-week low of Rs 225.9.

The global crypto market cap declined 4 per cent, slipping below the $2.50 trillion mark compared to the last day. However, the total crypto market volume soared about 65 per cent to $187.64 billion.

Axis Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.

On the technical charts, the RSI of the stock stood at 33.4.

“Each of the IPOs would have to be evaluated on their own merit and on a case by case basis.”

“The DIIs and the domestic money has been really holding up the markets. We had a problem this month where till about three days back, we had a negative print on the DIIs numbers but the last two days of buying by DIIs have overtaken that.”