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The stock has been making a series of high low and higher bottoms so far in 2022. It hit a low of Rs 99 on July 15, 2022, before bouncing back. The upmove in the stock is also accompanied by strong volumes which is a bullish sign.

The stock traded at a P/E multiple of 67.9, while the price-to-book value ratio stood at 12.04.

On the technical charts, the RSI of the stock stood at 66.15.

Granite has a huge demand across the world, which is likely to remain elevated in the near future. India exports granite to more than 147 countries in the world with a total value worth $747 million.It has started the process of acquiring land and started the process of planning and listing the resources required for mining.

A total of 3,081 shares changed hands on the counter till 10:15AM (IST)

“I must temper my expectations in alignment with lower interest rates. If interest rates go up, that will mean we will have a higher nominal economic growth rate because of higher inflation. My returns may be better. I need to align my inflation rate, my interest rate and my expectation from the market.”

Chemplast Sanmar Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 1187.55 Crore) operating in General sector.

The company reported a strong all-around rebound. IHCL reported a strong performance for Q1FY23 EBITDA margin at 29.8 per cent, which was the second highest in the past decade," said the brokerage.

The 30-share BSE Sensex was down 25.22 points at 58827.85

On the technical charts, the RSI of the stock stood at 51.28.