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The stock traded at a P/E multiple of 75.25, while the price-to-book value ratio stood at 17.88.

The S&P BSE Sensex fell more than 200 points while the Nifty50 closed below 18,600 levels on Wednesday.

The company has around 48 stores and is constantly on the prowl to add more stores. Its strategy to further diversify its product range will likely make it synonymous with luxury, the note said.

The stock quoted a 52-week high of Rs 332.4 and a 52-week low of Rs 200.0.

A total of 3,592 shares changed hands on the counter till 10:30AM (IST).

Mahindra Lifespace Developers, incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 5811.28 Crore) operating in Real Estate sector.

According to him, Rs 80 will act as a crucial make-or-break level for the stock, because if this is breached, it can see a swift run up to Rs 94-95 levels. Rout of Prabhudas Lilladher is equally bullish on the stock, and has a medium-term target of Rs 61-64, with positional target of Rs 80-85.

The non-banking financial company will pay a coupon that is 57 basis points higher than one-year marginal cost of lending rate of State Bank of India, and this would be payable on a quarterly basis, they said.

The entire commodity cost basket, on average, showed slight signs of moderation. The downward momentum in crude and crude derivatives and palm oil prices augurs well for Paint companies, PIDI, GCPL, and HUVR.

Sumitomo Chemical India (SCIL) is part of Sumitomo Chemical Company (Japan) and is a leading player with a 12% share in the India agri-input market. Strong parentage offers a competitive edge in terms of technical capabilities, strong distribution, and R&D support.