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​So, we are in the process of having a strategic tie-up with other developers from Saudi Arabia, from Japan and UAE, so where we can definitely look forward to being a preferred EPC partner.

“Whether you are in a crisis or whether you are having a good time at this point in time, technology is going to be the way forward to take you forward. So that is where I see that the organisations will change in order to leverage IT. Those who cannot change will have to find out something else.”

A total of 151,662 shares changed hands on the counter till time (IST).

Amid solid buying by domestic institutional and retail investors, India has become one of the best performing global markets in September by rallying around 4.2%.

Out of the 45 stocks (with a market capitalisation of over Rs 500 crore) which had TTM PE multiples of over 100 a year ago, only 20 of them have given negative returns in the last one year. In fact, three of them - Zen Technologies, PTC Industries and Premier Explosives - have gone on to deliver multibagger returns and remain in the high PE zone even today.

Brent crude futures climbed to a year-to-date high of $92.84 per barrel on Wednesday and last quoted at $92.38 in Asia hours. Oil output cuts which Saudi Arabia and Russia have extended to the end of 2023 will mean a substantial market deficit through the fourth quarter, the International Energy Agency (IEA) said.

“It is very prudent to say that while the earnings are strong and to that extent fundamentally supported, the risk reward is not as favourable as they were in the last two to three years. So to that extent, one needs to be careful about what one is buying. The largecaps look relatively safer than mid and smallcaps.”

The brokerage sees an upside risk to BOI’s earnings, led by healthy loangrowth, stable margins, lower slippages in turn reduced credit cost along with strong recoveries.

The Fast developing El Nino conditions are likely to result in a decline in net sugar production by 4 mt 12%, specifically in Maharashtra and Karnataka, the note said adding that this would keep domestic sugar prices firm for the next one year.

​So I would say US has started to move on a positive trajectory. Earlier it was on a declining trajectory and a cause of concern for most companies because Indian companies have large exposure to the US markets between 30 to 40% exposure and it is going higher this year.