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While for unlisted debt securities such as NCDs (Non-Convertible Debentures) and NCRPS (Non-Convertible Redeemable Preference Shares), the outstanding amount of default is Rs 200 crore as of September 30, 2022, along with a default in payment of interest of Rs 44.77 crore on the same.

“If you look at Nifty’s one-year forward PE, it is 19 times. If you look at the long-period average, which is the 15-year average of Nifty, it is at about 18.5 to 18.6 times. So we are bang in line with the long-period averages. It is not correct that India is trading at a substantial premium versus its averages,” Duggad told ET Now.

"Net proceeds of the tranche III issue, after meeting the expenditures of and related to the tranche III Issue, at least 75 per cent shall be utilised for the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the company and up to 25 per cent for general corporate purposes," the company said.

​The price-to-earnings ratio (P/E) is one of the most widely used valuation metrics by which investors and analysts determine a stock from the screening process. The P/E ratio indicates a stock is overvalued or undervalued.​

HDFC Securities is expecting a 242 basis points (bps) drop in the EBIT margins on a yearly basis for the larger IT players, whereas second rug IT counters may see a 1 per cent compression, taking the average hit on the entire sector to 228 bps.Management commentary by Indian IT Services players has been positive post 1QFY23, but the street will be looking beyond this, particularly the guidance for the future.

"The key, especially for PSU banks, is how the NPA trajectory is moving and how growth is coming along. Everyone agrees on the point that we have formed a bottom on the NPA cycle, so the credit cost issues would not be there much."

The Nifty Auto index closed 0.18 per cent down at 12761.95.

A total of 126,748 shares changed hands on the counter till 02:05PM (IST)

Kalyan Jewellers further said, “we added 5 new showrooms in India (all non-south) during the recently concluded quarter, including our first physical showroom by Candere, as previously mentioned. As of September 30, 2022, our total number of showrooms across India and the Middle East stood at 163.”

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