Examining the technical side, the daily chart of the stock paints a bearish picture. It has formed a bearish closing marubozu candlestick pattern, a singular pattern signifying strong bearish sentiment in the stock.

At  noon on Friday, the core equity indices i.e., Sensex and Nifty 50 were trading higher as RBI kept the policy rates unchanged in the bi-monthly policy meet. The monetary policy stance remains accommodative as the repo rate also remains unchanged at 4 per cent.