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The stock traded at a P/E multiple of 200.33, while the price-to-book value ratio stood at 4.96.

In the months of April to July, firms raised 3.51 trillion rupees via bonds, of which fundraising in July was the lowest at 539 billion rupees. Bankers said the dip was an anomaly.

​And unless it crosses that, I would not go aggressive long or maybe take any position on the index. And as you mentioned, one should not look at shorting the market at current levels because again, the immediate supports are between 19,500 and 19,400, give and take 100-150 points in the Nifty.

The Relative Strength Index of the stock stood at 68.34 on Tuesday.

On the standalone level, the net profit plunged 59% on year to Rs 600 crore, but was tad higher than the ET Now poll of Rs 590 crore. Sales rose a mere 2% YoY to Rs 19,904 crore, but topped the estimated Rs 17,753 crore.

As a result, since its inception, it has experienced an exponential surge in its market size. According to Mirae Asset Group, AUM (assets under management) in the ETF market has grown fivefold since 2018.

A total of 44,923 shares changed hands on the counter till time (IST).

The stock quoted a 52-week high price of Rs 340.75 and low of Rs 237.25.

"We are today number five in the learning outsourcing space worldwide and even though the climb is steeper from now onwards, there is opportunity for us to gain market share. So, yes, while the markets will go through a sluggish nature, we are on track vis-a-vis our overall outlook and the direction that we are following as well as the five-year projections that we have been discussing. "

The Relative Strength Index of the stock stood at 59.83 on Tuesday.