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Consolidated revenue is seen rising nearly 19% on year, and 4% sequentially to Rs 37,890 crore, according to the average of estimates given by 10 brokerages.

The Relative Strength Index of the stock stood at 54.64 on Wednesday.

The stock traded at a P/E multiple of 37.27, while the price-to-book value ratio stood at 9.65.

In the fiscal year 2022 (FY22), the stock brokerage firm Zerodha’s net profit increased 87% to Rs 2,094.3 crore from Rs 1,122.3 crore in FY21, while operating revenue jumped to Rs 4,963.7 crore from Rs 2,728.9 crore in the same period, according to its audited financial statement filed with the Ministry of Corporate Affairs (MCA).

After beating most Asian and emerging market peers last year, India’s $3.4 trillion stock market is already overshadowed in 2023 as China’s reopening attracts global funds to the North Asian market after a record selloff.

“We find that in the US and India, equity is significantly more expensive than debt. In fact, in the case of the US, the differential between earnings yield and bond yield is at a level which it has not been in the last 15-16 years at least. In India also we are well above what I would call the danger zone in terms of that differential.”

The stock quoted a 52-week high price of Rs 640.0 and low of Rs 430.0.

Adani Wilmar saw strong volume growth across segments in Q3, the company said in a BSE filing. The company posted high-single-digit growth in edible oil volumes, while the growth was in low-single digit in value terms during the quarter.

Initially, only a portion of the capital commitment is to be paid upfront and the balance amount is to be paid in installments as and when a drawdown is triggered.

A total of 85,881 shares changed hands on the counter till 12:29PM (IST)