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For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 72822.02 crore, down 8.22 % from last quarter total income of Rs 79341.61 crore and up 8.71 % from last year same quarter Total Income of Rs 66988.05 crore.

“Prestige and Brigade are the two names where we see a 30% upside. Apart from that, Bombay being a big market, Lodha and Oberoi are our preferred picks in the Mumbai market. In auto, there is strong growth visibility in Maruti and Mahindra & Mahindra and in two-wheelers, we like Hero Motor.”

A total of 18,181 shares changed hands on the counter till 01:45PM (IST)

Despite a steep depreciation in rupee, pushing it to new lows, software exporters have remained out of favour. Majority of them rule out expectations of a sharp recovery anytime soon, but are bullish on the space in the long run.

The stock traded at a P/E multiple of 64.81, while the price-to-book value ratio stood at 7.49.

The Nikkei share average dropped 2.95% shortly after markets opened and closed down 2.78% at 27,818, after the Nikkei newspaper reported that the BOJ conducted a rate check in apparent preparation for currency intervention amid sharp declines in yen.

As of 30-Jun-2022, promoters held 74.03 per cent stake in the company, while FIIs held 8.42 per cent and domestic institutional investors had 5.09 per cent.

Despite a sharp selloff in the secondary market, the company has not lost ground in the unofficial market and commands a premium of Rs 220-230, which translates into an upside of about 70 per cent over its price band of Rs 314-330.

The stock traded at a P/E multiple of 55.19, while the price-to-book value ratio stood at 19.41.

Promoters held 59.45 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 23.1 per cent and 4.21 per cent, respectively.