As per the BSE data, as many as 137 stocks touched their 52-week high while 416 scrips reached their upper circuit.

Promoters held 46.74 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 18.88 per cent and 13.61 per cent, respectively.

"JSW Energy Limited, through its wholly-owned subsidiary, JSW Neo Energy, has entered into a Memorandum of Understanding with the Government of Chhattisgarh for setting up a 1,000 MW capacity of Hydro Pumped Storage Project viz. Hasdev Bango Pumped Storage Project...," PTI quoted the company as saying.

A total of 35,253 shares changed hands on the counter till 12:32PM (IST).

On the technical charts, the RSI of the stock stood at 43.71.

“One cannot ignore the combined entity anymore now. It becomes a large consolidated play where you get access to virtually everything; retail banking, corporate banking, mortgages and so on and so forth. So I think it is a good move. This will definitely be more synergistic. In terms of scale, size and synergies, we will see a lot of benefits. ”

Following a merger announcement between the financial giants, HDFC topped Rs 5 lakh crore in market capitalisation (at Rs 5,05,725.10 crore) and was trading 13.54 per cent higher at Rs 2,782.70. HDFC Bank, on the other hand, was trading at Rs 1,654.25, up 9.82 per cent. The private lender breached Rs 9 lakh crore in m-cap and was commanding a value of Rs 9,16,927.47 crore.

According to reports, in the previous financial year, the company for the first time facilitated the import of power by Bhutan in order to meet an intermittent requirement of around 400 MW in the winter months. The company also started 200 MW worth of power supply to neighbouring Bangladesh from Sembcorp Energy, facilitating the resolution of a long-pending matter, reports said.

“From HDFC, a very large low yield book will be added to HDFC Bank. Now, the bank itself was struggling with its own IT systems and trying to digitise. Now there is this whole merger. This group for a year or two will see earnings probably not disappoint but maybe not the usual 15% that we are used to from this group.”

A total of 20,687 shares changed hands on the counter till 11:06AM (IST).