HLV Limited share price jumped on Monday in early trades. The stock has bounced from 52-week low touched on 9 October and we have witnessed strong buying in the counter at lower levels. The stock is up by 16 percent in today's trade on NSE. The volume remained robust as 2 crore shares changed hands in the first hour of trading session.

There hasn't been any major news on the counter for the last few days. So, this move could just be a speculative buying at lower levels. As of 30 June 2024, the promoters hold 45.36 percent stake in the company and the rest is owned by public shareholders.

Indian markets opened positive on Monday but drifted lower during the first hour of trade. NSE Nifty was trading below 25,000 levels and we could expect NSE Nifty to take support from 24,961 levels. In case the markets remain below this level, we could see further decline by 50-60 points on NSE Nifty.

The overall market sentiment remains positive and we could see buying support at lower levels. Global markets were showcasing positive trend last week and Indian markets have also recovered from the lows seen last week.