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A total of 802,083 shares changed hands on the counter till 02:05PM (IST)

The stock traded at a P/E multiple of 42.92, while the price-to-book value ratio stood at 9.65.

“While NIM will contract (rise in leverage and share of home loans), the decline in credit cost should help deliver a 7.4 per cent ROA in FY24E, enabling a 29 per cent net profit CAGR in FY22-24E. Aptus trades at 4.5x/30x 1-year forward PB/PE vs Aavas at 5.3x/42x," noted Citi.

However, analysts on Dalal Street believe that India is nowhere close to an economic slowdown, and are convinced even on the high ticket consumption ahead of the much awaited festive season.Amusement parks, theme parks and other such recreational spots are gaining footfall simply because they have opened up after a long life threatening pandemic and have a unique experience, excitement or an adrenaline rush for the user.

“The hawkish stance of the Fed, which I personally was expecting, has catapulted the dollar index to another level. So in that case, rupee would be the collateral damage and it could go to 84 or whatever against the dollar. Then probably we have to see whether RBI again has to come in and arrest the rupee fall.”

On the technical charts, the 200-day moving average of the stock stood at Rs 1888.64.

The stock bounced back after hitting a low of Rs 1,306 on 25 October 2021. The stock hit a 52-week high of Rs 2,678 earlier this month which translates into an upside of over 95 per cent.

The dollar index - which measures the greenback against a basket of six counterparts including the yen, euro and sterling - had earlier risen as high as 111.79 for the first time since mid-2002.

Prince Pipes & Fittings Ltd., incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 6578.38 Crore) operating in Plastics sector.

While the airline had filed for 4,192 flights per week for the summer which is around 600 daily flights, industry sources said that the airline has been operating less than 300 flights for the last one month.