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The stock has outperformed the benchmark index by a wide margin, especially in the short term and experts are of the view that the momentum is likely to continue in the near future.

Total revenue from operations increased to Rs 14,638.78 crore for the quarter ended June 2022 as against Rs 10,310.21 crore in June 2021, up by 42 per cent year-on-year (YoY).

A total of 16,028 shares changed hands on the counter till 12:48PM (IST).

As per rule-of-thumb, recession is defined as two consecutive quarters with negative GDP readings. However looking at it the other way, a recession is a broad-based contraction that affects many sectors of the economy. The US economy as yet does not reflect that.

The stock quoted a 52-week high price of Rs 1503.7 and a 52-week low of Rs 1037.8.

Marks said unconventional behavior is the only road to superior investment results, but it is not for everyone. In addition to superior skill, successful investing requires the ability to look wrong for a while and survive some mistakes.

A total of 1,587 shares changed hands on the counter till 10:51AM (IST).

Gold prices are slowly pulling upwards amid high inflationary pressure, geo-political tensions and global growth worries, said Ravi Singh, Vice President and Head of Research, ShareIndia.

The stock traded at a P/E multiple of 30.95, while the price-to-book value ratio stood at 0.0.

"Investors could refrain themselves from taking large positions ahead of monthly expiry and the US Fed decision in the evening," Sriram Iyer, Senior Research Analyst at Reliance Securities, said.