The stock of Siemens India has given 11-days consolidation breakout on daily scale. This breakout was accompanied by strong trading volume, surpassing the 50-day average volume. Furthermore, on the breakout day, the stock displayed a significant bullish candle, reinforcing the strength of the upward movement.
NSE IPO price band announced for Rs 22,561-crore offer! Check key dates, other important details
Retail investors have been allocated 35% of the issue, while 50% has been reserved for eligible institutional bidders (QIBs). The remaining portion will be available