Religare Enterprises in focus, here’s why

Religare Enterprises stock has seen a correction of roughly around 15 percent from its recent 52-week peak. In yesterday’s (November 29) trading session, the stock was seen struggling.

In terms of volumes, the stock fell on low volumes on November 29, roughly around 7 lakh shares. The 10-day average is nearly around 18-20 lakh shares.

Star Health Insurance initial public offering (IPO) opens today. One needs to see if there is positive rub-off as Religare Enterprises holds roughly about 70 percent stake in Care Health Insurance.