Birlasoft share price increased by more than 4% after futures and options (F&O) from the ban list. The stock was listed on 17 April in the NSE F&O ban list. According to the National Stock Exchange, the contracts derived for this stock exceeded 95 percent of the market-wide status range, resulting in the stock exchange restriction period. During the restriction period, stock exchanges do not allow the F&O contracts of a specific stock to be placed on hold.
The NSE modifies the list of securities under the F&O restrictions for business on a daily basis. According to Axis Securities, Birsoft displays the lowest ranking in volatility contained with the existing level at 45%. This deficiency in instability suggests that their options are relatively more attractive, providing a favorable opportunity for investors, which aims to take long positions.
Birlasoft provides software development and IT counseling services worldwide, mainly in the fields of banking, financial services, and insurance, life science and services, energy resources and utilities, and manufacturing, which include mainly untrue manufacturing, high-tech and media, automotive and consumer packaged goods.
Birlasoft share price today
The price of the Birlasoft Share has been opened today at an intrade low 371.15 on BSE, Stock touched an intraday high 389.60 per share. Ansul Jain, head of the research of Lakshmishri Investment and Securities, said that the price of the Birasoft share fixes 61% in 62 weeks and a rapid Marubozu has reversed with a faster candle on the weekly chart, indicating strong purchases interest.
Stock has rectified 10 and 20-day EMA on the daily chart, showing the innings of speed. There is a 50-day EMA placed on the stoppage of the logical pit for this rally. Open the gates for a constant move and reverse above that level. The trend suggests that the bulls are slowly taking control. According to trendly data, the price of Birlsoft share fell 42.97% and reduced its region by 45.03% in the previous year.
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