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The CASA deposits saw YoY growth of 55 per cent and quarter-on-quarter (QoQ) growth of 7 per cent to Rs 10,548 crore. The figure stood at Rs 9,855 crore in March 2022 quarter and at Rs 6,793 crore in the June quarter last year.

A total of 14,278 shares changed hands on the counter till 01:04PM (IST).

The company said it witnessed revenue growth of over 115 per cent YoY for India operations and 65 per cent for Middle East operations. Larger peer Titan Company, on the other hand, has reported revenue growth of 207 per cent YoY (excluding bullion sales) for the segment on a low base.

The Relative Strength Index of the stock stood at 53.74 on Thursday.

The Relative Strength Index of the stock stood at 57.91 on Thursday.

“If the rural demand sustains itself, then we should have a reasonable passage during the year and with the softening of commodity prices the easing of price burden on the consumer also will go down to that extent. I do not expect any significant drop in demand in the FMCG space in coming months.”

Prestige Estates Projects Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 16637.76 Crore) operating in Real Estate sector.

The company recently acquired 43,234 square feet of land in Vapi, Gujarat, for shifting of existing manufacturing facilities and expansion of business. The company has also received permission for construction on the given land.

Credit Suisse has initiated its coverage on ICICI Lombard General Insurance with an outperform rating and a target price of Rs 1,400 as it believes execution on growth and retail health franchise scale-up will drive stock re-rating. The brokerage said that delayed ROE recovery warrants a discount to the long-term multiple. It values the company at 32x 24-month forward earnings to arrive at the target.

"In the medium to long term perspective, the Indian economy could do well and hence in our view the outflows should abate once the oil prices start to stabilize. We are convinced that India is a good structural investment opportunity and over the past few years the confidence in India has even grown considering the reforms and structural changes that India has seen."