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The driver for earnings in the September quarter will be the refining business, retail business and telecom operations.

The stock traded at a P/E multiple of 63.65, while the price-to-book value ratio stood at 16.38.

Promoters held 60.51 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 11.22 per cent and 1.15 per cent, respectively.

On the technical charts, the RSI of the stock stood at 39.71.

A total of 373,137 shares changed hands on the counter till 02:14PM (IST).

Shares of Borosil Renewables have rallied over 1,400 per cent to Rs 509.70 (when) from Rs 33.6 in April 2020. But the scrip has hit the lower circuit in the previous two sessions, losing over 10 per cent of its value from peak.

“We need to be a little careful right now and need to be a little cautious. Over the last 10-11 months, not only in India, but in Asia and globally, the earnings momentum which helps stock prices or the earnings upgrade cycle which help the stock prices probably are showing signs of pausing over the next few quarters and one of the main reasons is the cost inflation side. ”

"Extremely richly valued stocks like DMart, InfoEdge, something like a Zomato, even Asian Paints, Astral Poly could see correction over even a minor disappointment."

As per the latest corporate shareholdings filed, Anil Kumar Goel and Associates publicly holds 34 stocks with a net worth of over Rs 1,449.1 crore.

A total of 151,435 shares changed hands on the counter till 01:12PM (IST).