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"Healthy disbursement trends have led to business assets at approximately Rs 77,000 crore, a growth of 4.3% over September 2022. This resulted in the growth of 18.5% vs March 2022," the company said in a BSE filing.

As of 30-Sep-2022, promoters held 74.99 per cent stake in the company, while FIIs held 8.59 per cent and domestic institutional investors had 6.33 per cent.

From the Nifty100 pack, there are 10 stocks that are trading over 40% lower from their yearly highs. The list is dominated by new-age technology and IT companies.

The stock quoted a 52-week high of Rs 817.95 and a 52-week low of Rs 519.6.

Overall, 40 Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 1,18,723 crore (all-time high) mobilized by 63 IPOs in 2021, according to the database. According to Pranav Haldea, Managing Director, PRIME Database Group, Rs 20,557 crore or a huge 35% of the amount raised in 2022 was by LIC alone.

Pranav Haldea, Managing Director, PRIME Database, said the momentum seen in the last 2 months of 2022 is likely to continue, at least for the smaller-sized IPOs. However, it may be a while before we see larger-sized deals, especially in light of the lack of sustained interest from FPIs, he said.

“Our experience in India shows that revenge spending is largely driven towards services, travel which are not very commodity intensive. When we are talking about housing, Chinese companies have huge inventory and the developers are not in a state to really push up construction. So there would be revenge buying which will not be commodity focussed and to that extent I am not that bullish on this thesis.”

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A total of 143,092 shares changed hands on the counter till 02:08PM (IST).

The average daily dollar sales by exporters beyond the spot date rose to about $1.2 billion in November and December after slipping below $900 million in October, according to data from the Clearing Corporation of India."Clearly, relative to October, there is more willingness from exporters to cover," said Dipti Chitale, senior vice president - risk management advisory, at Mecklai Financial.