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A total of 28,097 shares changed hands on the counter till 01:36PM (IST)

Following a 7% stake sale, the promoter stake has been reduced from 80.82% in Patanjali to 73.82%. Accordingly, the company has now become compliant with minimum public shareholding requirements of 75%.

The Relative Strength Index of the stock stood at 64.07 on Monday.

In the case of NIMs, we have guided for 7% to 7.5% and we have retained 7.3% on this. 44% of the secured portfolio has come from within that part. If we go to 50%, it will not change the guidance. We will continue to retain that 7% to 7.5%, says Bandhan Bank MD & CEO.

The stock traded at a P/E multiple of 70.03, while the price-to-book value ratio stood at 8.49.

The GDP growth and corporate results upheld much above the negative bias of the world, driven by stable domestic demand and consistent external orders. And this sanguine trend is expected to continue in Q1. Key high-frequency data from April to June has been robust like PMI, GST collection, Credit growth, and auto sales.

Last quarter, we had almost a 22% kind of upgrade in the estimates for ABB India. So, I would say yes, valuations have inched up because they are pricing in optimism and growth, up cycle growth, which typically happens 25% kind of CAGR in revenues, 30% CAGR in earnings.

As of 30-Jun-2023, promoters held 59.43 per cent stake in the company, while FIIs held 23.78 per cent and domestic institutional investors had 3.47 per cent.

A total of 72,722 shares changed hands on the counter till 12:34PM (IST).

​Remember, India buys $100 billion every year of imported defence equipment. The government is trying to get 30-40% of that back into India through offsets. So, a $30-40 billion domestic ordering will happen. We have met some of the companies who are supplying to the global Indian companies who are supplying to Lockheed Martin as part of an offset programme.