Shares of the company fell as much as 7.41% to Rs 1,216 apiece, the lowest level since Oct. 10. It pared losses to trade 5.88% lower at Rs 1,236 apiece, as of 9:48 a.m. This compares to a 0.22% decline in the NSE Nifty 50 Index.

It has risen 16.35% on a year-to-date basis. Total traded volume so far in the day stood at 21 times its 30-day average. The relative strength index was at 40.

Out of the 24 analysts tracking the company, 15 maintain a ‘buy’ rating, five recommend a ‘hold,’ and four suggest a ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 14.6%.