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At the CMP, the stock trades at 1.9x/1.6x/1.4x its FY2023E/FY2024E/FY2025E ABV,respectively.

Tanla Platforms, a stock unspoken off much among the analyst community, became the darling of Dalal Street in 2021 as its value more than doubled. The cloud communications services provider has over the last few years reported higher-than-industry earnings growth.

Rural demand is likely to improve because of moderating consumer price inflation, sustained economic growth, expected budgetary push, and migration of the rural population back to urban areas (which would increase remittances from urban to rural India), it said.

The challenges to earnings growth and profitability and the major sell-off in technology stocks globally made this pack vulnerable to a selling. The rising macroeconomic growth concerns in the backdrop of high inflation and steeper rate hikes saw investors exiting high valuation stocks.

While the order inflows over the last couple of years have been tepid, the brokerage believes this strong tender pipeline can translate into decent order inflows for the company in the coming months.

IndusInd Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 94969.45 Crore).

A total of 11,436 shares changed hands on the counter till 11:28AM (IST).

Incorporated in the year 1992, Sah Polymers is a leading PP woven bags manufacturer and exporter of PP woven bags and HDPE box bags, flexible intermediate bulk containers (FIBCs), and BOPP laminated bags.

The Relative Strength Index of the stock stood at 57.65 on Friday.

The stock quoted a 52-week high price of Rs 1081.0 and low of Rs 627.8.