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"Despite the high input cost scenario and projected high interest environment, we are observing a positive momentum from the home buyers. As announced earlier, it will be our endeavour to launch new projects in FY23 and take the growth momentum forward," he added.

“Other than IT, FMCG, education, telecom, ecommerce, retail essentials, healthcare, banking and financial services all are hiring. Across all industries, we are seeing a very strong intent to hire. To some extent, that is because the attrition levels were very high, especially in the last quarter. So, high attrition coupled with very strong demand is translating into a lot of new jobs especially in formal industries, largely in the metro cities. We are seeing a very strong trend.“

Dollar revenue growth is seen at 3.4 per cent YoY or 1.5 per cent QoQ, with the cross-currency impact seen at 190 basis points. Deal wins and the impact of the macro weakness on growth will be key monitorable, Motilal Oswal said in a note.

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"The penultimate day ahead of the earnings season witnessed buoyancy as bulls pressed the accelerator with the south-west monsoon lashing the financial capital," said S Ranganathan, Head of Research at LKP securities

“Cycle times are narrowing and we can have multiple bull and bear markets within one year in many of the products – commodities as well as stocks. The reason for that is the high momentum trading, the algo-based trading, quant-based trading. All of that has impacted the sharpness with which prices move up and down across the board on all publicly traded products. This is the new normal.”

The couple has been holding the owner of India Gate Basmati rice brand at least since the December quarter of 2015, data compiled by Trendlyne suggested. They have been holding on to about a 4 per cent stake in the company at least since the previous eight quarters.

The Relative Strength Index of the stock stood at 75.45 on Thursday.

Most investors focus purely on the price and the price trend, but they tend to overlook the PE trend and the earnings trend over the lifespan of an investment. But it is very important to understand the reason for price fluctuations. Stock prices tend to surge due to a surge in PE or increased earnings, or both.

A total of 2,826 shares changed hands on the counter till 01:55PM (IST).