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With FY23 results, the developer is starting a new phase of growth backed by execution capabilities, customer centric designs and a strong brand promise, the company said in a release.

​So, the strategy for the day should be a bull call spread wherein one can buy right now, maybe a covered call on a futures wherein you can buy right now and also sell the higher call options so that you are hedged. So, in case there is no bounce, the loss is limited because you are already trading below the crucial support level of 44,000 there on Bank Nifty.

The stock quoted a 52-week high of Rs 598.15 and a 52-week low of Rs 315.3.

Investors are often hesitant and fearful of investing when the market nears new all-time highs, despite being opportunistic during market downturns. This behavior could be attributed to denial and fear caused by past losses and cognitive biases. Overcoming these biases requires analyzing the present market situation objectively and seeking professional advice from experienced portfolio managers.

Macrotech Developers, formerly Lodha Developers, gained 2.57% to Rs 539 apiece on NSE after turning ex-bonus. The developer had announced a bonus issue of equity shares to investors at a ratio of 1:1; May 31 was set as the record date for eligibility determination. An increase in liquidity and a decrease in stock prices are the primary objectives for companies offering bonus shares, as well as to make shares affordable for investors. Macrotech achieved its highest-ever annual pre-sales of Rs 12,064 cr for FY23, higher by 34% YoY and exceeding guidance. It plans 20% CAGR in pre-sales going forward.

A total of 484,209 shares changed hands on the counter till 02:09PM (IST).

Promoters held 45.95 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 28.92 per cent and 10.34 per cent, respectively.

​If you ask me, the numbers, the revenue in this year has been to the tune of Rs. 3540 crore, which is all-time high in the history of IRCTC, whereas we had given a revenue of Rs. 1878 crores in the previous year.

BCL Industries, part of the Mittal Group that makes edible oils and manufactures ethanol, has approved a share split ratio of 1:10, subject to shareholder and other required approvals. This move is primarily aimed at increasing stock liquidity in the market. As per the company filing, shareholders holding the shares until the record date will receive the new shares in demat accounts, and the stock price will be adjusted accordingly. Additionally, the board has also proposed an equity dividend of INR 5 per share of face value of INR 10 for the previous financial year, to be approved at AGM.

It also said its core profit (EBITDA) increased in January-March to 672 billion roubles, up 25.1% from the previous three months, while revenue edged down 1.1% to 1.823 trillion roubles.