Trading range bound for majority of today's trading session, the equity benchmark indices lowered towards the end of the trading session owing to selling pressure in auto, IT and HDFC twins.

The company has a land bank equivalent to its current market capitalisation.

Today, the stock of this company was locked at 20 per cent at Rs 43.80.

Indian benchmark indices closed to their day’s low but there were some stocks wherein fresh buying was seen and it led these stocks to reach a new 52 week high on Thursday.  

Stock has given staggering 68 per cent returns in less than a month of its listing. Sales has doubled in past three years.

It was a volatile final hour of the weekly expiry that dragged the benchmark indices to their day’s low. Nifty slipped over 80 points in the last 30 minutes to close at 18,350 levels while Sensex plunged 230 points.

The markets may remain volatile in the near term on account of global factors like news flow on inflation and Federal Reserve rate hikes.

Although, the company reported weak quarterly and annual results, the share of the company spurt in volume by more than 2.15 times.

R System’s revenue for the last twelve months, as of September 30, 2022, was Rs 1,445 crore, registering a 36% YoY growth.

The stock was one of the best performers in 2021 and gave 2300 per cent returns during this period