PNGS Reva Diamond Jewellery shares began trading on exchanges at a discount. The stock opened lower than its initial public offering price on both NSE and BSE. However, the shares showed resilience. They recovered significantly during the trading session. The stock ultimately closed above its offer price on both exchanges. This marks a positive turn for the jewellery retailer’s debut.
Negative Breakout: These 7 stocks cross below their 200 DMAs
In the Nifty500 pack, seven stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on March 4, according to stockedge.com’s technical scan data.