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The consolidated revenue from operations stood at Rs 671 crore, up 20% from Rs 560 crore reported by the company in the year-ago period.

Short buildup means more people are expecting the prices to go down and creating short positions.

As of 30-Sep-2023, promoters held 74.65 per cent stake in the company, while FIIs held 7.67 per cent and domestic institutional investors had 7.27 per cent.

Sanjiv Bhasin recommends adding HCL Tech and Wipro in the largecap space, as the IT sector is performing well. In the two-wheeler pack led by Hero MotoCorp and Bajaj Auto, which are benefiting from the revival of rural incomes and their adaptation to EVs. Bhasin believes these stocks are priced to perfection in the near term, but earnings will be the next barometer. He advises against investing in SpiceJet due to leverage and uncertainty.

The stock quoted a 52-week high of Rs 3079.9 and a 52-week low of Rs 1810.45.

The stock quoted a 52-week high price of Rs 3240.85 and a 52-week low of Rs 1155.1.

Investors should watch the Interim Budget 2024 or the Vote on Account closely for cues on government spending priorities and policy direction.

As of 30-Sep-2023, promoters held 39.98 per cent stake in the company, while FIIs held 32.77 per cent and domestic institutional investors had 8.49 per cent.