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Analysts see adjusted net profits rising in the range of 150-600 per cent year-on-year (YoY). According to their estimates, revenue will likely grow 22-24 per cent compared to the last year.

​​Market participants initially get intoxicated by a given idea and price an asset far higher than its fair value. When realities change, and fair value contracts, markets go into extreme panic mode and price that asset way lower than warranted.

“We are very clear that we will continue driving profitability, we will do growth with profits but we are not going to optimise profits at this stage. So, we are reinvesting a lot of our margins and a lot of the EBITDA that we have into growing faster and you will see that play out in FY23 where a lot of the investment we have made in FY22 will accelerate our growth.”

The company has cut the size of the fresh issue from Rs 200 crore to Rs 161 crore. Besides, there will be an Offer-For-Sale (OFS) of 98.35 lakh shares by promoters and existing shareholders.

On Monday, Adani Power climbed 4.99 per cent to hit a high of Rs 267.35. Adani Green Energy advanced 2.68 per cent to Rs 2,230. Adani Enterprises rose 1.55 per cent to Rs 2,087. Adani Transmission fell 2.26 per cent to Rs 2,165.60. Adani Total Gas declined 1.34 per cent to Rs 2,344.10. Adani Wilmar slipped 0.92 per cent to Rs 566.

Renovation and home improvement trends also sharply picked up and going ahead, the real estate industry is likely to maintain its northward movement post a slump during FY15‐FY20, hence, the demand for sanitaryware products is expected to remain strong.

As of 31-Mar-2022, promoters held 0.0 per cent stake in the company, while FIIs held 5.51 per cent and domestic institutional investors had 2.52 per cent.

A total of 32,178 shares changed hands on the counter till 01:59PM (IST)

"The company has delivered another year for 100 per cent growth in all financial metrics for the quarter and full year. Q4 FY22 was best ever financial performance in the 25 years of our existence and also among the best in the industry," its managing director Kamlesh Shah said.

The Nikkei ended 0.45% higher at 26,547.05. The benchmark jumped as much as 1.55% to a one-week high of 26,836.96 in early trading, but shed most of the early gains after data showed a sharper-than-expected slowdown at factories and shops in major trade partner China.