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Polymarket Down Today? Outage Hits Users Amid High-Stakes World Cup Betting on June 13 2026

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Polymarket
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Polymarket

NEW YORK — Users of the popular decentralized prediction market platform Polymarket reported intermittent access issues Saturday, disrupting trading on major events including the ongoing FIFA World Cup, with complaints centering on the app, website and real-time betting functions.

The problems, which appeared to affect a portion of users rather than causing a full platform-wide shutdown, emerged during a period of elevated activity as bettors engaged with markets on Brazil versus Morocco and other early tournament matches. Social media quickly filled with hashtags like #PolymarketDown as frustrated participants shared screenshots of loading errors and failed transactions.

Polymarket, which allows users to trade on the outcomes of real-world events using cryptocurrency, has seen explosive growth in popularity during the 2026 World Cup. High trading volumes on political, sports and news events often strain the platform’s infrastructure, leading to occasional disruptions similar to those experienced by other high-traffic crypto services.

Downdetector and similar monitoring sites recorded spikes in user reports earlier in the week, with app-related complaints comprising the majority. As of Saturday afternoon, the situation appeared to stabilize for many, though some continued experiencing delays in market updates and order execution.

The platform has faced similar brief outages in the past, often attributed to technical maintenance, underlying blockchain dependencies such as Polygon, or external factors like content delivery network issues. In previous incidents, users encountered messages such as “Polymarket is down… Oops…we didn’t forecast this,” advising page refreshes.

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For many participants, the timing proved particularly inconvenient. With the World Cup underway, prediction markets on match results, goal scorers and tournament progression attract substantial liquidity. Interruptions can lead to missed opportunities or forced reliance on alternative data sources.

Polymarket has not issued an immediate public statement on Saturday’s reports. The company typically addresses significant disruptions through its official channels on X or via in-app notifications once resolved. Past responses have included apologies and commitments to infrastructure upgrades.

The platform operates on blockchain technology, emphasizing transparency and user control over traditional betting sites. Its decentralized nature provides advantages in censorship resistance and global accessibility but also introduces complexities in scaling during peak demand. Recent expansions have included more granular short-term markets, increasing overall load.

Industry observers note that prediction markets like Polymarket have matured significantly, drawing institutional interest and higher volumes. However, reliability remains a key challenge as the sector competes with centralized alternatives. Outages, while often short-lived, highlight the need for robust redundancy and continuous monitoring.

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Users experiencing issues were advised to try clearing cache, switching devices or networks, or waiting for automatic recovery. Many turned to community forums and social platforms to confirm they were not isolated in their experiences.

This latest hiccup occurs against a backdrop of broader crypto market volatility and heightened regulatory scrutiny on prediction platforms. Polymarket has navigated controversies in the past, including market removals on sensitive topics, while maintaining focus on event-based trading.

For dedicated traders, brief downtimes can be frustrating but rarely derail overall participation. The platform’s appeal lies in its real-time probability updates and potential for profit based on accurate forecasting. World Cup markets, in particular, have seen millions in volume as fans and analysts engage with outcomes.

Polymarket’s team has invested in improvements, including plans for custom Layer 2 solutions to reduce dependency on external networks like Polygon and enhance stability. Such upgrades aim to minimize future disruptions as user numbers continue climbing.

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Community reactions ranged from mild annoyance to understanding, with many acknowledging the challenges of operating a high-demand decentralized application. Some shared workarounds or shifted temporarily to other platforms, while others patiently refreshed until access returned.

The incident underscores the growing pains of fintech and crypto services handling mainstream events. As prediction markets gain traction, expectations for uptime approach those of traditional financial exchanges. Polymarket’s response and resolution speed will likely influence user confidence moving forward.

Broader ecosystem factors, including blockchain congestion or third-party service outages, can cascade to user-facing problems. Past Cloudflare-related disruptions, for instance, affected multiple crypto sites simultaneously.

Saturday’s reports remained relatively contained compared to major past events. Monitoring sites showed fluctuating but not overwhelming complaint volumes, suggesting a partial rather than systemic failure. Full functionality appeared restored for most by late afternoon.

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As the World Cup progresses, Polymarket and similar platforms will face continued tests from surging interest. Bettors are reminded to exercise caution with positions during volatile periods and to diversify across tools when possible.

Polymarket continues to innovate in the prediction space, offering markets on everything from sports to elections and cultural phenomena. Its resilience during high-profile tournaments remains critical to sustaining growth and user trust.

For those still encountering difficulties, checking official status channels or Downdetector provides real-time insights. Platform updates often follow shortly after widespread reports surface.

In the fast-evolving world of decentralized finance, brief outages serve as reminders of both the technology’s potential and its current limitations. Polymarket’s handling of such events will play a role in its long-term standing among users and competitors alike.

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As trading resumes, attention returns to the markets themselves, with World Cup outcomes driving significant activity. The platform’s quick recovery in similar past cases offers reassurance that disruptions are typically temporary.

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(JMKE) starts trading on the New York Stock Exchange

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(JMKE) starts trading on the New York Stock Exchange

Actor Danny DeVito, from left, Charlie Morrison, chief executive officer of Jersey Mike’s Subs Inc., Eli Manning, former National Football League (NFL) quarterback and founding partner of Brand Velocity Partners, and Peter Cancro, founder and chairman of Jersey Mike’s Subs Inc., during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Thursday, July 30, 2026.

Michael Nagle | Bloomberg | Getty Images

Shares of Jersey Mike’s fell about 2% during trading on Thursday afternoon after the company made its public market debut on the New York Stock Exchange under the ticker “JMKE.”

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The stock opened at $21 per share, below its initial public offering pricing of $23 per share, at the midpoint of the expected range of $21 to $25 per share.

Jersey Mike’s sold 43.5 million shares, raising about $1 billion and valuing the company at $7.3 billion. With those proceeds, the chain is now among the largest-ever initial fundraises for a restaurant IPO.

Jersey Mike’s has nearly 3,300 locations, making it the second-largest hoagie sandwich chain in the U.S. behind Subway. It’s now the largest public chain in the category.

The company reported net income of $55 million on total revenue of $724 million last year. Its same-store sales increased 3% over the same period. The metric tracks sales growth at restaurants open at least a year.

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Broadly, diners are eating out less often or seeking deals to save money, and the restaurant industry has seen traffic and sales soften. But Jersey Mike’s has largely bucked the trend, and its high average unit volumes and asset-light franchise model made the stock attractive to investors.

CEO Charlie Morrison told CNBC that Jersey Mike’s customer base typically skews “a little higher income,” insulating the chain from some of the pullback in consumer spending.

“We’re seeing the consumer come back,” Morrison said. “We’ve seen positive transition growth. In fact, most of our same-store sales growth this year to date has been driven primarily by transaction growth.”

Jersey Mike’s successful IPO is a positive harbinger for other consumer companies looking to go public. Rival restaurant company Inspire Brands, which counts Dunkin’ and Jimmy John’s among its brands, has confidentially filed for an initial public offering and could easily snatch Jersey Mike’s title for biggest-ever restaurant IPO.

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Clothing company Reformation is also expected to make its public market debut on Thursday; the retailer priced shares at $15, on the low end of its expected range of $15 to $17.

Jersey Mike’s expansion plans

Jersey Mike’s founder Peter Cancro began working at a Jersey Shore sandwich shop at age 14 in 1971. Four years later, he pulled together enough money to buy Mike’s Subs. Cancro later changed the name and began franchising the chain. Today, franchisees operate 99.2% of Jersey Mike’s locations.

In late 2024, Jersey Mike’s announced that Blackstone had bought a majority stake reportedly valued at around $8 billion including debt.

After the transaction closed, Jersey Mike’s tapped Morrison as its chief executive. He previously led Wingstop for more than a decade, including during the chicken wing chain’s own IPO.

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Morrison said that he sees a lot of similarities with Wingstop. Like the chicken wing chain, Jersey Mike’s is mostly franchised and generates free cash flow for investors.

Jersey Mike’s plans to use the proceeds from the offering to pay down debt and general corporate purposes.

Looking ahead, the chain plans to expand its international reach.

The vast majority of its restaurants are in the U.S., a relatively mature market for hoagies. Cancro, who has retained some equity in Jersey Mike’s, signed a master franchise agreement to bring Jersey Mike’s to the United Kingdom and Ireland.

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Long term, Jersey Mike’s sees the potential for 15,000 restaurants worldwide — half in the U.S., half in international markets.

“One of the benefits of being a publicly traded company on the New York Stock Exchange is that we get a lot of awareness of the brand, not only in the U.S., but also around the world,” Morrison said.

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Cellnex Telecom, S.A. 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:CLLNY) 2026-07-30

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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'We are rescuing unpicked blackberries'

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Alex Vardill wearing a pink T-shirt, smiling straight at the camera and holding a box of blackberries.

Low-income households will benefit from blackberries being collected, a community group says.

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Enterprise Products Partners L.P. Common Units 2026 Q2 – Results – Earnings Call Presentation (NYSE:EPD) 2026-07-30

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Hammerson acquires 50% stake in Manchester Arndale shopping centre

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The property giant called Manchester an “exceptional” city

Hammerson also saw a significant rise in half year net rental income.

Hammerson says acquiring the stake in Arndale is in line with its plan to increase scale.(Image: Hammerson)

Major property developer Hammerson has announced a £218m deal to buy a 50% stake in the landmark Arndale shopping centre.

The London firm praised Manchester – the home of the new N10 North – as it said the asset fitted its “DNA precisely” as a dominant, city centre destination in a top European city. Arndale’s 45 million footfall makes it the highest across the group.

It is said to be Hammerson’s first major external acquisition in more than a decade and will be immediately earnings accretive at 7.8% yield. The deal – which values the centre at roughly £436m – was funded by a £225m equity fundraise and retail offer of up to 12.5% of issued share capital.

Rob Wilkinson, chief executive of Hammerson, said: “This is another important step in our strategy to increase scale through acquiring high-quality, retail-led destinations. Manchester is one of Europe’s most dynamic and fastest-growing urban economies, benefiting from strong demographics, excellent connectivity and the largest retail catchment outside London.

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“Manchester Arndale sits at the heart of this exceptional city and has established itself as a premier retail destination, attracting more than 45 million visitors each year.

“Ownership of this prime asset allows us to further strengthen our position in one of the continent’s leading cities. The transaction will be immediately earnings accretive, and we see a clear path to income and value creation, leveraging Hammerson’s platform to enhance the destination and deliver attractive long-term returns for our shareholders.”

The deal comes amid the release of half year results for Hammerson showing an uptick in net rental income to £112m in the six months to the end of June, up from £80m in the same period last year. There was EPRA earnings growth of 33% to £64m, and £18.5m of headline rent, 53% above previous passing rent.

Footfall across the group’s portfolio was up 3%, ahead of national benchmarks in all territories, while like-for-like sales were up 2%.

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Mortgage rates rise to 6.66%: Freddie Mac

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Mortgage rates rise to 6.38%: Freddie Mac

Mortgage rates rose this week to the highest level in a year, mortgage buyer Freddie Mac said Thursday.

Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.66% from last week’s reading of 6.58%. 

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The average rate on a 30-year loan was 6.72% a year ago.

A couple tours a home.

The average rate on the benchmark 30-year fixed mortgage climbed to 6.66% this week, according to Freddie Mac.  (Daniel Acker/Bloomberg via Getty Images)

“The housing market continues to benefit from more available inventory, providing prospective homebuyers with additional options and helping support buyer activity as mortgage rates fluctuate,” said Sam Khater, Freddie Mac’s chief economist.

The average rate on a 15-year fixed mortgage rose to 6.04% from last week’s reading of 5.96%.

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Coca-Cola volume kicks into higher gear

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Coca-Cola volume kicks into higher gear

World Cup campaign reaches more than 180 global markets.

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Earnings call transcript: Whitecap beats Q2 2026 estimates on record cash flow

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Earnings call transcript: Whitecap beats Q2 2026 estimates on record cash flow

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How CABA Design Turned Practical Ideas Into Chicory

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How CABA Design Turned Practical Ideas Into Chicory

The outdoor furniture industry has never lacked big promises. Brands often talk about style, comfort, and luxury. But the team behind Chicory approached the market with a different question: what if outdoor furniture actually matched the way people live today?

That question became the foundation for Chicory, a direct-to-consumer outdoor furniture brand launched in 2024. The company focused on solving practical problems that many homeowners quietly dealt with for years. Cushions that stain easily. Outdoor sofas that are difficult to clean. Furniture that looks beautiful online but struggles to keep up with everyday life.

Instead of treating those frustrations as unavoidable, Chicory saw an opportunity.

“We kept hearing the same stories,” the company shared. “People loved their outdoor spaces, but maintaining outdoor furniture felt harder than it should be.”

That mindset helped shape a brand that is gaining attention for its machine-washable, modular outdoor furniture systems and its practical approach to modern outdoor living. Most recently, Chicory earned recognition from Forbes, which named its sofa collection the “Best Upholstered Outdoor Sofa.”

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How Chicory Started With a Real-Life Problem

The idea behind Chicory did not begin with a trend forecast or marketing campaign. It started with observation.

The company noticed that outdoor furniture had become increasingly design-focused, but often at the expense of usability. Many products were built to look great in photos while everyday functionality became a secondary concern.

“We saw furniture that looked beautiful in staged photos but struggled in real homes,” the company explained. “Families needed products that could handle daily life.”

That realization pushed the company to rethink outdoor furniture from the ground up.

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Instead of treating washable features as a bonus, Chicory made them central to the product design. The company developed a fully machine-washable outdoor sofa system with removable weatherproof covers for both cushions and frames.

The decision was unusual in a category where cleaning often requires spot treatment, special care, or costly replacements.

“We wanted to remove the anxiety people sometimes feel around expensive furniture,” the company said. “Outdoor spaces should feel lived in, not overly protected.”

Why Modular Outdoor Furniture Became Part of the Vision

As Chicory developed its collection, flexibility became another major focus.

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The company believed outdoor furniture should adapt as families and living spaces change. That thinking led to modular seating systems that can be expanded, rearranged, and customized over time.

“People move. Families grow. Spaces change,” the company shared. “We wanted furniture that could change with them.”

The idea reflects a larger shift happening throughout the home industry. Consumers increasingly value products that provide long-term usability rather than fixed solutions that may no longer fit their needs a few years later.

Still, creating flexible furniture without sacrificing design presented a challenge.

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“Modular furniture can sometimes feel overly technical or bulky,” the company explained. “We worked hard to make sure the designs still felt clean, elevated, and approachable.”

That balance between functionality and aesthetics has become one of Chicory’s defining characteristics.

The Bigger Thinking Behind Chicory

While Chicory is part of a larger family of home brands that includes Anabei and Diorama, the company developed its own identity around practical innovation.

From the beginning, Chicory focused on improving the ownership experience, not just the product itself.

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The company emphasized efficient delivery, accessible design, and products built for everyday use rather than occasional enjoyment.

“We believed customers were ready for a better experience overall,” the company said. “Not just better-looking products, but products that actually work better for the way people live.”

That philosophy became especially important as homeowners began spending more time investing in outdoor living spaces that serve as extensions of the home.

Rather than chasing trends, Chicory focused on creating products designed to remain useful for years.

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“We wanted to build thoughtfully,” the company explained. “The goal was not simply to release products quickly. It was to create products that people would continue using for years.”

How Sustainability Influenced Chicory’s Development

Sustainability also became part of Chicory’s design philosophy.

The company believes one of the most overlooked aspects of sustainability is durability. Products that last longer naturally reduce waste and replacement cycles.

“We think longevity matters,” the company shared. “Furniture should not feel disposable.”

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To support that goal, Chicory incorporated durable materials, removable covers, and flat-pack shipping designed to improve efficiency while reducing transportation impact.

At the same time, the company avoided making sustainability a marketing slogan.

“We tried to stay practical about it,” the company explained. “For us, sustainability starts with creating products people keep using instead of replacing.”

That straightforward approach helped shape Chicory’s identity as a brand focused on usability, longevity, and real-world performance.

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What Chicory’s Growth Says About Modern Outdoor Living

Chicory’s growth reflects a larger shift in what consumers expect from outdoor furniture.

Today’s homeowners want products that combine style with practicality. They want furniture that can handle children, pets, guests, weather, and everyday use without constant maintenance.

Design still matters. But functionality matters too.

Chicory entered the market by focusing on those everyday realities.

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“We spent more time thinking about everyday use than showroom presentation,” the company said. “That perspective guided almost every decision we made.”

Today, that philosophy continues to shape the brand’s direction.

Rather than trying to reinvent outdoor living entirely, Chicory focused on solving common problems that many consumers had simply accepted for years. Through machine-washable materials, modular flexibility, and durable construction, the company built a brand around making outdoor spaces easier to enjoy.

For Chicory, the biggest idea was never creating something flashy. It was creating something useful.

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Waaree Energies shares slide 6% despite 15% profit growth and 79% YoY revenue surge in Q1FY27

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Waaree Energies shares slide 6% despite 15% profit growth and 79% YoY revenue surge in Q1FY27
Shares of Waaree Energies witnessed selling pressure on Thursday, declining 5.65% to Rs 2,581.70, even as the solar energy major reported a strong operational and financial performance for Q1FY27, driven by robust revenue growth, higher production volumes and a record order pipeline.

The company reported a consolidated net profit of Rs 891.87 crore for the quarter ended June 2026, registering a 15.39% year-on-year growth compared with Rs 773 crore in the corresponding quarter last year.

Revenue from operations surged 79.22% YoY to Rs 7,931.79 crore in Q1FY27 from Rs 4,426 crore in the year-ago period, reflecting strong demand momentum across domestic and international markets.

Waaree Energies also strengthened its future growth visibility by securing new orders worth around Rs 16,000 crore during the quarter, taking its total order book to an all-time high of approximately Rs 61,500 crore.

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Strong Operational Performance

During Q1FY27, the company achieved solar module production of 3.24 GW, marking a 41.51% YoY increase, supported by improved operational efficiency and scale benefits.

Operating EBITDA stood at Rs 1,439.92 crore, rising 44.38% year-on-year, with EBITDA margins at 18.15%. Quarterly profit after tax reached Rs 891.87 crore, up 15.39% compared with the previous year.

Expansion Plans Gain Momentum

Waaree Energies highlighted key strategic initiatives aimed at strengthening its renewable energy ecosystem:
The company’s 10 GW solar cell manufacturing facility at Unn, Gujarat, is progressing as planned and is expected to commence production during the current financial year.Waaree acquired a 55% equity stake in Associated Power Structures Private Limited, enhancing its power infrastructure capabilities and supporting integrated renewable energy project execution.

The company commenced advanced automated BESS container manufacturing with a capacity of 5.15 GWh at Rola, Gujarat, marking a step towards expanding into energy storage solutions.

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Management Outlook

Commenting on the performance, Jignesh Rathod, Whole Time Director and CEO of Waaree Energies, said the company’s Q1FY27 results reflect the strength of its integrated business model, disciplined execution and sustained demand across key markets. He highlighted that the company has achieved a record order book of approximately Rs 61,500 crore, reinforcing its ability to deliver profitable growth while expanding manufacturing capacity and strengthening its clean energy portfolio.

The management stated that a strong balance sheet, phased capital deployment and expected cash flow generation provide sufficient support for upcoming expansion plans. Waaree Energies reaffirmed its FY27 Operating EBITDA guidance of Rs 7,000-7,700 crore.

Stock Performance and Technical View

Despite reporting strong quarterly numbers, Waaree Energies shares traded 6% lower at Rs 2,581.70 on Thursday. The stock commands a market capitalisation of Rs 78,707 crore and continues to trade below its 52-week high of Rs 3,865.

On the technical front, the stock’s 14-day Relative Strength Index (RSI) stood at 38.8. While an RSI below 30 indicates oversold conditions and above 70 suggests overbought territory, the current reading points to moderate weakness. The stock is trading below all eight key simple moving averages (SMAs), indicating a bearish technical trend in the near term despite strong underlying business growth.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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