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"As part of the overall margin equation, there are efficiencies and the execution gross margin that we are focused on. It has improved from Q2 to Q3 but we want to make the right investments in capabilities in our sales teams as well as our overall ability to win larger deals and larger accounts. "

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The Nifty Auto index closed 0.57 per cent up at 12821.85.

The Nifty Bank index was trading 0.09 per cent up at 42204.8.

The bank has made provisions (other than tax) and contingencies to the tune of Rs 1,878 crore, an increase of 462% over Rs 334 crore provisioned during the same period last year. On the business front, domestic deposits increased marginally to Rs 5.56 trillion in the December quarter, while domestic advances increased 12% to Rs 4.26 trillion.

King Khalid University is located in the Asir region in the southwestern part of the Kingdom of Saudi Arabia. In the field of scientific research, the University witnessed a strong presence of qualitative activities during the past year. This came in the registration of 26 patents, and the publishing of 5297 research papers in scientific journals classified in various fields, in addition to the number of citations that reached 12,258.

As of 31-Dec-2022, promoters held 37.01 per cent stake in the company, while FIIs held 26.82 per cent and domestic institutional investors had 8.25 per cent.

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“Ahead of the Budget, the 17,750-17,800 zone has become very crucial. From a short-term perspective, 17850, 17 900 and 17950 puts have seen a lot of additions. That means lower levels around 17900, 17930 for the day should act as a strong support. On the upside, if we see 18,000 strike price call, that is where the highest open interest is placed.”

A total of 4,336 shares changed hands on the counter till 01:53PM (IST)