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The stock quoted a 52-week high price of Rs 115.63 and low of Rs 83.0.

As of 30-Sep-2022, promoters held 46.83 per cent stake in the company, while FIIs held 13.81 per cent and domestic institutional investors had 16.44 per cent.

U.S. stocks closed lower in volatile trading overnight, following a policy announcement by the Fed that raised interest rates by an expected 50 basis points, but its economic projections see higher rates for a longer period.

Poonawalla Fincorp, incorporated in the year 1978, is a Small Cap company (having a market cap of Rs 22831.08 Crore) operating in NBFC sector.

The stock traded at a P/E multiple of 73.19, while the price-to-book value ratio stood at 17.88.

“Going forward, one has to be extremely mindful of the valuations that one is paying for companies that we are buying or even the companies that are in the portfolio of people. People should take a hard look at the valuations, cash flows in the near term and not just depend on future promises. If we keep these two points aside, things are pretty normal.”

A total of 7,709 shares changed hands on the counter till 01:14PM (IST)

Promoters held 0.0 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 18.7 per cent and 1.87 per cent, respectively.

JSW Energy, incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 48786.64 Crore) operating in Power sector.

Investors were worried after Powell said it will take substantially more evidence to give confidence that inflation is on a sustained downward path. The dot plot has shifted higher as the Fed appears to be pushing back on the market’s expectation that they will eventually cut rates at the end of next year.