Stock Under Rs 100 In Focus Post This Acquisition Update
Stock market- File image- For Representational purpose
Stock market update: The shares of One Point One Solutions Limited, a Business Process Management (BPM) and digital transformation services provider, are in focus today, i.e. June 10, after it announced the acquisition of a majority stake in TECHSCIENT.AI, an AI-powered no-code automation firm. The company claims that the strategic acquisition positions 1Point1 as a major player in India's digital transformation landscape and enhances its AI-led automation capabilities.
TECHNICAL.AI is a deep-tech, AI-first company that specialises in intelligent process orchestration, generative AI solutions, and no-code workflow automation. Its proprietary platform improves operational efficiency across industries by empowering businesses to create, implement, and scale AI-driven workflows without the need for manual coding.
'We wish to inform you that the Company has executed a Securities Subscription and Purchase Agreement ('SSPA') to acquire a majority shares in TECHSCIENT.AI Private Limited, a next-generation AI-powered no-code automation firm specialising in autonomous software engineering,' the company said in an exchange filing.
'With this acquisition, 1Point1 enhances its strategic focus on AI-powered transformation,' said Akshay Chhabra, Promoter & Director, 1Point1.
TECHNICAL.AI's flagship platform combines real-time data intelligence, API-first architecture, and AI-native automation to improve customer experience and business efficiency. The purchase supports 1Point1's dedication to AI-driven BPM, facilitating quick digital transformation in the fields of finance, e-commerce, logistics, healthcare, and BFSI.
Following the development, the shares of the company opened slightly higher at Rs 67.0 against the previous day's closing price of Rs 66.79. However, the stock erased its early gain to trade in negative territory in afternoon trade. Meanwhile, its 52-week high and low values were Rs 77.50 and Rs 41.01.
Equity benchmark indices Sensex and Nifty opened trading on a positive note on Tuesday, buoyed by gains in Asian markets, optimism over US-China trade talks and foreign capital inflows. The 30-share BSE Sensex rose 235.58 points to 82,680.79. The 50-share NSE Nifty rose 96.1 points to 25,199.30.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
2 hours ago
- Hans India
Nifty, Bank Nifty show bullish pattern, hint at possible breakout: Report
A strong bullish candle shaped as an Inside Bar pattern emerged on the charts of both Nifty and Bank Nifty this week, signalling a return of buying interest from lower levels and reflecting the market's underlying strength, a new report said on Sunday. The pattern, often seen as a sign of consolidation followed by potential breakout, suggests that investor sentiment remains optimistic amid supportive technical indicators and favourable market structure, according to Choice Broking. The Nifty index ended the week on a strong note, closing at 25,112.40 with a weekly gain of 1.59 per cent. The index maintained its position above the crucial psychological level of 25,000, pointing to a sideways-to-bullish momentum in the near term. The price action confirms sustained buying on dips, with traders showing confidence in defending key support zones, the report said. Technically, Nifty remains well-positioned above all its major Exponential Moving Averages (EMAs) -- the 20-week, 50-week, and 200-week -- highlighting a strong bullish undertone. The Relative Strength Index (RSI) has also shown upward movement, currently standing at 60.81, which indicates strengthening momentum and potential for further gains, according to the brokerage firm. "As long as the index holds above the 25,000 level, the bias is expected to remain positive, with upside targets in the range of 25,200 to 25,300," the firm stated. "A breakout above 25,300 could open doors for a further rally towards 25,500 and 25,700," it added. Volatility eased during the week, with the India VIX falling by 4.09 per cent to 13.6725, signalling reduced uncertainty and growing investor comfort. "In the derivatives segment, the highest Call Open Interest is observed at the 25,200 and 25,300 strikes, establishing a near-term resistance zone,' the report stated. "On the other hand, the highest Put Open Interest is clustered around 25,000 and 24,800, offering strong downside protection," it added. The Bank Nifty index mirrored a similar trend, gaining 1.31 per cent over the week to close at 56,252.85. The weekly formation of an Inside Bar candlestick pattern, supported by steady trading volumes, reflects ongoing consolidation and positive sentiment. The index managed to stay above the 56,200 mark, suggesting buyers are active on declines, and the structure continues to favour a sideways-to-bullish outlook. The index is trading above its key 20-day, 50-day, and 200-day EMAs, which reinforces the overall uptrend. RSI for Bank Nifty stands at 64.33 and is trending upwards, confirming the strength in underlying momentum. Immediate support is placed at 56,000 and 55,500, while resistance lies in the range of 56,500 to 57,000. A decisive move above this resistance zone could lead to a fresh leg of the rally. Among sectoral drivers, private banks like HDFC Bank and Kotak Bank, along with public sector players such as SBI and Federal Bank, are expected to lend support to any upward move in Bank Nifty. "In the options market, high Put Open Interest at 56,000 and 55,500 confirms these as key support levels, while Call OI at 56,500 and 57,000 highlights the immediate hurdles," as per Choice Broking.
Hans India
3 hours ago
- Hans India
Six of India's top 10 firms add Rs 1.62 lakh crore in market value this week
The combined market capitalisation of six of India's top ten most-valued companies rose by Rs 1.62 lakh crore this week, reflecting strong investor sentiment in the equity markets. This rise in market value came as the benchmark Sensex jumped by 1,289.57 points, or 1.58 per cent, during the same period, signalling positive momentum in the market. Bharti Airtel emerged as the top gainer during the week, while a few big names like Bajaj Finance, TCS, and Hindustan Unilever saw their valuations decline. Bharti Airtel's market valuation saw a sharp rise of Rs 54,055.96 crore, reaching Rs 11,04,469.29 crore by the end of the week. HDFC Bank also witnessed strong gains, with its market capitalisation increasing by Rs 38,503.91 crore to Rs 15,07,281.79 crore. Other major gainers included Infosys, which added Rs 8,433.06 crore to reach a total valuation of Rs 6,73,751.09 crore. ICICI Bank's market value rose by Rs 8,012.13 crore to Rs 10,18,387.76 crore, while State Bank of India (SBI) added Rs 3,212.86 crore, taking its total to Rs 7,10,399.75 crore. On the other hand, Bajaj Finance suffered a loss of Rs 17,876.42 crore in its market capitalisation, which stood at Rs 5,62,175.67 crore. Tata Consultancy Services (TCS) saw a decline of Rs 4,613.06 crore, bringing its valuation down to Rs 12,42,577.89 crore. Hindustan Unilever's market cap slipped by Rs 3,336.42 crore to Rs 5,41,557.29 crore, and LIC lost Rs 1,106.88 crore, settling at Rs 5,92,272.78 crore. Despite some declines, the overall trend remained positive, especially for banks and telecom stocks. In the overall rankings of India's most-valued companies, HDFC Bank remained at the second spot, followed by TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, LIC, Bajaj Finance, and Hindustan Unilever. Meanwhile, in the previous week, nine of the country's ten most valued companies collectively had added Rs 1,00,850.96 crore to their market capitalisation.
Economic Times
4 hours ago
- Economic Times
Waaree Energies shares may break April 2025 peak after Friday's 12% jump: Anand James
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel After a blistering 12% rally on Friday, Waaree Energies is back in the spotlight. With the stock inching closer to its April 2025 peak, Anand James of Geojit believes this breakout attempt may finally stick, setting the stage for fresh excerpts from a chat with Anand James, Chief Market Strategist, Geojit Investments Limited on trading strategy for the week ahead:Yes, 25k is indeed a daunting challenge. Previous attempts to clear the same had proved to be short-lived as there was hardly any follow-through momentum, thus leading to a sharp withdrawal. Hence, the reapproach of the 25k mount is accompanied by concerns about sustainability. Being at the upper Bollinger band as well, it would require further momentum to continue the uptrend. ADX at 13.2 does not indicate strong momentum either. Nevertheless, upswing attempts may be seen initially, but may not clear the 25200-460 band. Alternatively, inability to float above 25045 could see dips, but will wait for 24865 to switch would be entering the expiry week with a surprise jump above 25000, that has attracted call OTM buyers only as far as 25500. The same pattern is visible in the 3rd July expiry contract as well with PE buying accumulated at 24800. This raises the expectation of a trading range limited to the 25500-24800 region, calling for a short strangle option strategy with these at the strikes for the two legs. An alternative approach would be to short straddle at 25000, with stop loss placed at 25500 and 24800 on either is now sandwiched between the weekend and expiry, elevating the caution that is usually commanded by day. Even though Monday has to deal with weekend news flows, there is always an optimism, being the start of the week. But with expiry falling on Tuesday, such vibes will be restrained. This would mean that premium expansion and directional entry-exits will be largely front loaded, as there will be little opportunity to escape from theta decay post Thursday, with Friday being the weekend eve and Monday being the expiry late 2023, Sensex F&O has seen a steady increase in trading volume. Between March and December 2024, it consistently accounted for about 70% of the total trading volume across both the NSE and BSE. This momentum accelerated further in January 2025, when the Sensex saw a 12% month-on-month volume spike, coinciding with its shift in weekly expiry from Friday to Tuesday. Now, a new phase of expiry restructuring is set to reshape this dynamic. From September 2025, the Nifty will move its expiry to Tuesday, while the Sensex will shift to Thursday. This change could significantly alter the volume patterns across the two may reclaim lost ground with Tuesday expiries, attracting traders looking to capitalize on early-week strategies and weekend time decay. This could lead to increased activity on Mondays and Tuesdays. Meanwhile, with Thursday as the new expiry, Sensex will see shorter positioning windows earlier in the week, which may temper the intense volume surges, especially on the expiry day. That said, the new trading dynamics will take a while to play out, and it is also possible that Sensex will get more opportunities to price the events of the week, having more trading days ahead of expiry. Time will weakness in the small and mid-caps was visible throughout the week. On Thursday, when Nifty closed almost flat, the small cap 250 index fell nearly 2%. And on Friday, when Nifty rose 1.29%, small cap 250 index rose only 0.6%. Friday's optimistic rise has not managed to retrace even 50% of Thursday's fall, raising fears of an extended fall to 16650-16500. Alternatively, a rise above 16900 will help shrug off the weakness, but we feel that upsides may be outright jump from one end to the other end of the Bollinger will render the stock unattractive to jump into right away. But we feel that the April 2025 peak, which the stock has attempted several times unsuccessfully, will be broken in this attempt. Longs entered on dips to 2895 may have stop loss placed below (CMP: 409)Target – 450Stoploss – 399The stock recently confirmed a breakout from an inverted Head & Shoulders pattern and continues to maintain its upward momentum. On the monthly chart, the SMIO histogram has crossed above the zero line, suggesting a shift in long-term sentiment. Additionally, the RSI is holding near 60, indicating sustained strength without being overbought. On the daily timeframe, the appearance of an inverted hammer—a classic bullish reversal signal following a dip—adds further conviction to the upside on this technical setup, the stock is expected to move toward the 450 mark in the near term. To manage risk, a stop-loss should be placed just below ₹399.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
