RBI meeting proved to be a relief for the bulls as strong short-covering was witnessed in the broader market. Nifty jumped 1.64 per cent to close at 17,000 while Sensex soared 1,015 points.

Nifty 50 started lower on the back of negative global trends. However, it is already off the day's low of 16,747.7. Check out these solid stocks with powerful technical setup.

 The company has posted rising revenue and net profit for the past three consecutive financial years. Also, the operating margins have seen a good jump recently. The lamination and interior decor sectors are expected to boom in the times to come, given improving lifestyle conditions across top-tier cities in India.

The Sensex at 10:28 a.m. is trading in green, up by 172 points to trade at a level of 56,614.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 324.8 points.

This auto ancillary stock, has outperformed the sectoral index, delivering more than 11 per cent returns in just one month and surging almost 94 per cent in just one year! 

The weakening global economic environment has spiked up the bond yields and dollar index, which fostered fears of recession. Fading the morning losses, the benchmark indices ended marginally lower with Nifty 50 closing 0.24 per cent down and Sensex ending lower by 0.33 per cent.  

Could the bonus announcement trigger a decent rally in the stock price or will it reclaim its 52-week high?

Over the last 3 months the scrip has furnished exceptional returns of 394 per cent.

In a recent development, the company announced that its subsidiary - GHG Reduction Technologies Pvt Ltd has completed the capacity expansion to achieve one of the highest production capacities in the world.