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A total of 7,714 shares changed hands on the counter till 02:09PM (IST)

The stock traded at a P/E multiple of 95.8, while the price-to-book value ratio stood at 19.49.

On the technical charts, the RSI of the stock stood at 46.43.

Promoters held 51.34 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 19.38 per cent and 17.12 per cent, respectively.

SME collected this amount through 125 issues during FY 2022-23 versus Rs 965 crore collected from 70 IPOs in 2021-22. The largest SME IPO was of Rachana Infrastructure (Rs 72 crore), according to primedatabase.com - a database on the primary capital markets.

A dividend is a share of profits and retained earnings that a company pays out to its shareholders. According to StockEdge data, 10 PSU stocks are paying consistent dividends to their investors and have paid dividends up to 32 times since 2011.

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Stocks such as Rama Steel Tubes, Filatex Fashions, Indianivesh, Magnum Ventures, Euro Asia Exports, Madhusudan Securities, Imagicaaworld Entertainment, Abhirami Financial Services, Tirupati Tyres, Soma Textiles, and Deep Diamond India have gained over 100-700% from the March 2022 levels.

Promoters held 38.19 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 19.0 per cent and 21.46 per cent, respectively.

Higher than expected slippages on account of slowdown in economy. Increasing competition from banks in retail lending could impact loan growth.