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IT stocks are back in focus following their Q3 numbers that turned out to be better than expected in a seasonally weak quarter for the sector

A total of 17,972 shares changed hands on the counter till 02:08PM (IST)

The stock traded at a P/E multiple of 6.19, while the price-to-book value ratio stood at 13.0.

The regulator said it has come across instances where founders have entered into shareholder agreements with listed entities that in turn impose restrictions on companies.Such rights are against the fundamental principles of corporate governance and shareholder democracy, according to the regulator

Looking at the current perplexed relationship between the Fed and the Markets, the DXY largely seems to consolidate and tugged between a range of 100-105 until the next FOMC meeting due in March.

Overall, the brokerage expects the fourth quarter to be relatively better compared to the third quarter and the momentum to improve at the start of next fiscal. It is positive on HUL, Britannia and ITC in the large consumer goods space.

Prestige Estates Projects, incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 16407.27 Crore) operating in Real Estate sector.

“There are a few things that are being done especially in terms of softer support like helping with driving institutes, more education around that, etc as well as regulatory support or regulatory clarity, which is needed for some segments of the gaming industry. I am sure a lot more can be done especially around directly helping smaller companies, incubators, etc, to seed early-stage games.”

As of 31-Dec-2022, promoters held 63.97 per cent stake in the company, while FIIs held 9.97 per cent and domestic institutional investors had 10.87 per cent.

The Relative Strength Index of the stock stood at 37.17 on Wednesday.