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MSTC Ltd., incorporated in the year 1964, is a Small Cap company (having a market cap of Rs 2547.07 Crore) operating in Trading sector.

Total expenses increased by 26.7 per cent to Rs 236.75 crore in Q4 FY22 over Q4 FY21. The company made an allowance Rs 68.49 crore for expected credit loss (ECL) in the fourth quarter. The ECL allowance amount was Rs 9.80 crore in the same period last year.

In the coming days, investors should stick to solid equities and avoid stocks with weak fundamentals. Investors should be cautious and retain enough cash in hand to keep buying solid equities when the market dips.

Equities have shed nearly 40 percent of their value since January, with the local currency falling by a similar amount against the greenback in the past month.

Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 53614.34 Crore).

"Mastek reported a strong quarter with revenue and margin both coming in line. The order book improved 25 per cent and the management is aiming to hit $1 billion revenue in the next five years," HDFC Securities said. It has a target price of Rs 3,530 on the stock.

“The margins for us is not an issue because edible oils typically are a pass through sort of process and so in the short term, for next quarter, we do not anticipate any challenge because we are adequately covered with the imports and supply chain has been established. The question is how does it run going forward?”

Nirmal Bang maintains a Buy rating on Indian Hotels (IHCL), Chalet Hotels and EIH with target prices of Rs 335, Rs 378 and Rs 192, respectively.

A total of 39,357 shares changed hands on the counter till 12:58PM (IST)

Following the update, shares of Britannia Industries tumbled about 6 per cent to Rs 3,150, before paring up half of the losses during the session.