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Support may not last long as business fundamentals — revenue and profit outlook — take rightful precedence, eliminating short-term impact of the buyback announcement at a premium

Support may not last long as business fundamentals — revenue and profit outlook — take rightful precedence, eliminating short-term impact of the buyback announcement at a premium

Of course, we have some more work to do to get a better picture of what the remainder of the year will look like depending on the macro, but at this point we do believe that we should at least able to give a market-level growth in the direct ex-mortgage business for FY24.

Of course, we have some more work to do to get a better picture of what the remainder of the year will look like depending on the macro, but at this point we do believe that we should at least able to give a market-level growth in the direct ex-mortgage business for FY24.

The brokerage expects the company to deliver 6%/12% revenue/operating profit CAGR over FY23- 25E on the back of healthy AUM growth and marginal cost rationalisation.

The brokerage expects the company to deliver 6%/12% revenue/operating profit CAGR over FY23- 25E on the back of healthy AUM growth and marginal cost rationalisation.

Within the BSE universe, there were approximately 55 stocks with a market capitalization of over Rs 500 crore in which MFs have reduced their stake in each of the four quarters of FY23. Despite the ongoing decrease in stake by MFs, around 50% of these stocks have remained positive performers in the last year.

Within the BSE universe, there were approximately 55 stocks with a market capitalization of over Rs 500 crore in which MFs have reduced their stake in each of the four quarters of FY23. Despite the ongoing decrease in stake by MFs, around 50% of these stocks have remained positive performers in the last year.

Promoters held 30.3 per cent stake in the company as of 31-Mar-2023, while FIIs owned 20.58 per cent, DIIs 32.69 per cent.

The stock quoted a 52-week high price of Rs 428.8 and a 52-week low of Rs 251.25.