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“We have been able to look at everything all over again and consolidation has happened and going forward, it will be a good track as the numbers come in but we are here for a long term. We are a debt-free company. It is a rebirth and a new model is coming in.”

"We expect the USD-INR (spot) to trade sideways and quote in the range of 79.20 and 79.80 in the short-term," Somaiya added.On the domestic equity market front, the BSE Sensex ended 51.73 points or 0.09 per cent lower at 58,298.80 points, while the broader NSE Nifty fell 6.15 points or 0.04 per cent to 17,382.00 points.

"The underlying trend on the daily time is still up-to-sideways. As long as Nifty50 holds above the support at 17,200-17,180, the index could see higher levels.For long trades, it is imperative that stops are kept at 17,180. If this zone breaks, we could see a decline to 16,900," Shah said while expecting volatility ahead.

The Nifty Realty index closed 1.14 per cent down at 436.55.

The Relative Strength Index (RSI) is at 70.1. RSI above 70 is considered overbought. This implies that stock may show pullback, Trendlyne data showed. MACD is above its center and signal Line, this is a bullish indicator.Other parameters such as Price Volume Trend which helps in the identification of the primary

"There has been a pattern in recent meetings, like the Reserve Bank of Australia this week, where central banks have struggled to convince markets they are going to follow through with hikes that have been priced in," Jonas Goltermann, senior economist at Capital Economics, said.

Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was recorded at Rs 264 crore, a growth of 283% as compared to Rs 69 crore in the same quarter of the previous year. Aided by industry tailwinds and strong execution, Kalyan’s business has seen a significant acceleration in scale, growth and profitability.

During the day, the stock surged up to 11 per cent to reach 52-week high at Rs 237.90. The stock has doubled in the last one year and given around 20 per cent return in the last one month. If the last five years are considered, the stock is a multibagger having delivered a return of over 660 per cent.

“Increasing or correcting the prices is a continuous affair and whenever the international prices come off, we have to pass on the benefit because we are competing with other brands in the country. We want to increase our market share and so obviously we have to be price conscious as well as reach conscious. ”

Total revenue for the quarter rose 8.74 per cent YoY to Rs 3,700.96 crore from Rs 3,403.46 crore in the corresponding quarter last year.