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Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 18.7 per cent and 1.87 per cent, respectively.

“We are confident in our understanding of the current methodology and rule out its inclusion in this review,” said Abhilash Pagaria, head - of alternative and quantitative research at Nuvama Wealth, in a report on Monday.According to Nuvama Wealth, until the merger got completed and fresh shares were credited to the shareholders, NSE considered L&T Infotech as an independent entity.

Liquidity continues to be strong with cash balances at Rs 3,029 crore as of December 31, 2022. The company has one of the most substantial balance sheets among its peers with a large headroom to pursue value accretive growth opportunities, the company informed through an official filing.

Yes Bank CEO Prashant Kumar on Saturday said that the bank will challenge the high court’s decision while adding that there is no compulsion on the bank to pay interest on or redeem its AT- 1 bonds. He said this while speaking with analysts on Saturday soon after the announcing quarterly results.

ETMarkets.com found that FIIs consistently increased their stakes in 134 stocks from the BSE smallcap index in the first three quarters of FY23 (June 2022-December 2022).

A total of 8,985 shares changed hands on the counter till 01:38PM (IST).

The stock traded at a P/E multiple of 35.36, while the price-to-book value ratio stood at 6.89.

"We have had to cut our estimates by ~15% for FY2024-25 to reflect slower loan growth and loan mix shifting away from higher-yielding MFI loans. Though we have been cutting our estimates in recent quarters, mostly driven by higher loan-loss provisions, we see a very low probability of further downgrades. On the contrary, the risks appear mostly toward the upside. We like the franchise at these levels," the brokerage said.

We will take significant steps to raise productivity in the real economy and focus on improving rural jobs. Clear disinvestment targets would be better if there is a strategic stake sale in a few companies rather than minor divestments in more companies.

MphasiS, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 37958.43 Crore) operating in IT Software sector.