Shares of the company rose as much as 6.69%, the highest level since Feb. 27, before paring gains to trade 6% higher at 2:45 p.m. This compares to a 0.16% decline in the NSE Nifty 50.

The stock has risen 14.58% in the last 12 months. Total traded volume so far in the day stood at 6.33 times its 30-day average. The relative strength index was at 47.49.

Of the 24 analysts tracking the company, 15 maintain a ‘buy’ rating, five recommend ‘hold’ and four suggest ‘sell’, according to Bloomberg data. The average 12-month analysts’ price target implies an upside of 15.4%.