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Promoters held 50.83 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 26.62 per cent and 0.55 per cent, respectively.

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The stock quoted a 52-week high price of Rs 3136.8 and low of Rs 2023.15.

Suprajit Engineering Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 4681.61 Crore) operating in Auto Ancillaries sector.

Analysts suggest investors shall be cautious over the Indian markets, considering the outperformance and premium valuations over the global and Asian peers. They also pointed out the 200 bps gap between bond yield and earning yield.

"We regularly track and monitor all valuation parameters of our stocks and execute partial/complete profit booking based on these parameters. But if we believe the growth story is intact and stock has more potential to grow, we stick with our view and continue to hold the stock to generate multifold returns for our clients."

The stock quoted a 52-week high price of Rs 51500.0 and a 52-week low of Rs 31615.75.

Promoters held 50.05 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 12.11 per cent and 9.38 per cent, respectively.

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 1237.41 crore, down 8.70 per cent from last quarter total income of Rs 1355.34 crore and up 42.99 per cent from last year same quarter total income of Rs 865.37 crore.

Sectorally, buying was seen in metal, consumer durables, auto, capital goods, and IT stocks.