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“Going forward, we expect the volume growth and also the earnings growth to improve simply because in terms of input costs, we are expecting the softening to continue year-on-year. We continue to deliver both sequential and year-on-year gross margin improvement. Therefore the trends will continue for a couple of quarters going into FY24.”

The company is also the custodian for institutional investors with forward looking services designed and customised to equip mutual fund houses, foreign portfolio investors, institutional investors, family offices, HNIs across segments to efficiently manage their operations.

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The Securities and Exchange Board of India (Sebi) has made the suggestions through five consultation papers and sought comments from the public till February 18 on these proposals aimed at making the AIFs more investor friendly.

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The Relative Strength Index of the stock stood at 55.28 on Monday.

“I have been guiding in all our investor calls that margin will be in that 30% ballpark. As I said in the last quarter, given that we have a lot of dollar exposure on our raw materials, we saw some price hikes from our vendors but we were able to pass them through into the market to maintain the price at the margin.”

A total of 1,335,761 shares changed hands on the counter till 02:08PM (IST)

As of 31-Dec-2022, promoters held 50.73 per cent stake in the company, while FIIs held 19.21 per cent and domestic institutional investors had 9.18 per cent.