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A total of 57,496 shares changed hands on the counter till 10:15AM (IST)

"Banks continue to show strength in terms of numbers. We saw ICICI Bank that came out with a very good set of numbers. It should get further rerated. A bank to clock, you know, 2.2-2.3% ROA consistently with great asset quality metrics, with very impressive growth both on NIMs as well as on the liability side as well as shaping the book coming from 60% exposure to corporate loan side five years back now to almost two third book being retail."

As of 31-Mar-2023, promoters held 74.36 per cent stake in the company, while FIIs held 14.66 per cent and domestic institutional investors had 3.71 per cent.

The brokerage reiterates BUY with Mar’24 TP of INR 100 (18x FY25e EPS). Global slowdown and continued inflationary pressure are the key risk

The stock traded at a P/E multiple of 67.03, while the price-to-book value ratio stood at 8.49.

So, I think these are some of these long-term issues which are linked here. We all know that in the startup ecosystem, organisations are today under various kinds of pressures.

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Coinbase has filed a petition urging the US Securities and Exchange Commission (SEC) to create new rules for digital assets. This process comes almost a year after the company submitted a petition of the same nature requesting that the regulator provide transparency as to how and when a digital asset is deemed a security, and the creation of a market structure framework more compatible with cryptocurrencies. As the SEC has not provided an answer to this request, Coinbase filed a legal challenge.

"There is a bit of a defensive part of our portfolio. We have got consumer staples, we have got the likes of Power Grid in our portfolio. Over six-nine months, there will be higher weight for consumer discretionary. They are still part of our portfolio, but one would like to increase weights there as one gets confidence that we have gone through this economic downturn and things improve significantly or growth outlook would improve significantly in 24 and onwards."

Based on the idea of Peter Lynch, a custom screen made by MarketSmith emphasizes securities that are trading for below-average prices on a PE or PEG basis and are not already widely owned by institutions.