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The stock quoted a 52-week high of Rs 2604.65 and a 52-week low of Rs 1437.5.

VBL which follows the January-December calendar reported its Q42023 profit after tax (PAT) jump by 76% year-on-year (YoY) to Rs 143.80 crore with revenue growth in the October-December quarter at 21% YoY to Rs 2,667.70 crore. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) was higher by 36% YoY to Rs 418.30 crore.

The stock traded at a P/E multiple of 46.53, while the price-to-book value ratio stood at 16.29.

US yields and Indian midcaps are experiencing a shift in the market. There are now three rate cuts, softening yields, and a potential correction in the PSU basket. PSUs have seen under ownership and outperformance, but there is extreme overbought conditions. In terms of earnings, Ashok Leyland and Bharti Airtel have shown strong numbers, while some agrochem and specialty players are in an accumulation zone.

December quarter shareholding pattern shows that MF ownership in Paytm rose from 2.79% to 4.99% quarter-on-quarter. FII holding also rose 280 bps to 63.72% while retail ownership, as defined by those with holdings up to Rs 2 lakh, went up 457 bps to 12.85%.

The company will be holding its analyst call later today and more brokerages are likely to come out with their reviews following the call.

Taking cues from the global price trends, the MCX April gold futures were trading at 62,258 per 10 grams at 9:10 am, down Rs 58 or 0.09%, and the March Silver contracts were down Rs 45 or 0.06% at Rs 70,435 per kg.

2023 has been a year of continued growth for the smallcase platform across all key metrics, including a 30% growth in the user base and we are soon to touch 10 million in count.

BSE’s operational revenue for the quarter grew by 82% to Rs 372 crore. The operating EBITDA surged to Rs 92 crore from Rs 39 crore a year ago, while the EBITDA margin expanded sharply by 600 basis points to 25%.

A total of 5,908 shares changed hands on the counter till 10:46AM (IST).