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The stock traded at a P/E multiple of 48.38, while the price-to-book value ratio stood at 19.41.

The consensus recommendation from 17 analysts for the stock is a Buy. Of the 17 analysts covering the stock, 11 have strong buy and buy ratings, while only one has a sell rating. The remaining five have hold ratings.

I think in pharmaceutical space, one has to be extremely selective because even in large export-oriented businesses we are seeing a lot of variance in their performance and some companies are doing exceptionally well, depending upon their product mix and target market but others are still languishing.

"These disruptions and changes have no material impact on the operations /financial performance of the Company (meaningfully less than 1% revenue impact) and hence we believe that this event does not warrant any disclosure under regulation 30 of the SEBI (LODR) Regulations, 2015," the company claimed.

One of the best things that the finance minister has done is given us stability in tax structure. I mean, whether it is corporate tax or personal income tax or even capital gains, the rates have come down but there have been no major changes.

According to Saurabh Mukherjea, Founder of Marcellus Investment Managers, the Indian market is experiencing a good comeback due to addressing concerns, solid macro, and stock specific news flow. Mukherjea suggests Indian investors should look to clean, well-run companies for consistent compound returns. He also believes TCS and Infosys offer great investments as cloud migration is still in the early stages for western firms and big global companies still face issues with IT staff shortages. Additionally, there are still $10 billion worth of deals per quarter, and although IT has been volatile, it remains a sound investment.

Despite a weak start to 2023, 163 Indian companies with a minimum market capitalisation of Rs 1,000 crore have hit all-time highs year-to-date, according to data from Ace Equity analysed by ETMarkets. Industrial companies topped the list, followed by automakers and metal firms. Four of the Nifty 50 – ITC, L&T, Mahindra & Mahindra and Axis Bank – have scaled new records.

Valuation premium to peers is justified.

Gold could test Rs 63,000 to Rs 65,000 per 10 grams on MCX while Silver futures are ($2100 to $2200) expected to make new record highs of Rs 78,000-80,000 per kg by the end of 2023, according to him.

Of the total proceeds, Rs 3,474 crore is primary fundraise which will be used to repay or prepay debt of the road projects housed under the InvIT. The fundraise includes a secondary sale of units amounting to Rs1,423 crore by existing shareholders, while the rest of the proceeds will go towards issue-related expenses, filings with Sebi show.