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‘All we can do is deliver on the fundamentals and if the valuation goes up or down with the broader market, there is nothing that we can do about it,’ Nayar told ET after her company announced its Q3 results for FY22 on February 8.

“We are in a longer term downtrend as far as the bond yields go. Yes, the excesses are getting corrected and ultimately it is growth investing which may have had a bit of difficult months but in the long term, that is the way wealth is going to get created, says Atul Suri.”

In rupee value terms though, the holding value of LIC holdings hit an all-time high level of Rs 9.53 lakh crore in the December quarter, an increase of 1.46 per cent over the previous quarter. LIC also continues to command a lion’s share of investments in equities by insurance companies (77 per cent share).

The Luxembourg-based company said fourth-quarter core profit (EBITDA), the figure most watched by the market, was $5.05 billion, almost five times the year-ago figure and far higher than the average forecast in a company poll of $4.95 billion.

Abbott India Ltd., incorporated in the year 1944, is a Large Cap company (having a market cap of Rs 35173.97 Crore) operating in Pharmaceuticals sector.

The stock traded at a P/E multiple of 100.13, while the price-to-book value ratio stood at 16.45.

Revenue from operations for the quarter under review came in at Rs 15,238.82 crore, up 8.41 per cent against Rs 14,056.54 crore in the year-ago period.

A total of 8,809 shares changed hands on the counter till time (IST).

It may be time that complete details of all their holdings are made mandatory to be disclosed in India, said Pranav Haldea of Prime Database in a note.

Chief Executive and board member Suraj Moraje will likely step down due to differences with a promoter, a report said.