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While announcing its September quarter earnings, HCL Tech had raised the constant currency revenue growth guidance to 13.5-14.5% for FY23. But 2 months later, it said that growth is likely to be at the lower end of this range.

On the technical charts, the RSI of the stock stood at 62.91.

Therefore, to incentivize both lower and higher-income individuals to shift to the new regime, it can perhaps be made more lucrative--by providing some additional tax sops, while retaining the overarching simplified tax structure of the new regime.

Shares of all the 10 Adani Group stocks, including the recent acquisition NDTV, were trading lower after Hindenburg revealed that it has been short-selling Adani Group companies through US-traded bonds and non-Indian-traded derivatives, along with other non-Indian-traded reference securities.

Macrotech Developers, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 51669.61 Crore) operating in Real Estate sector.

A total of 115,214 shares changed hands on the counter till 12:35PM (IST).

The recent price action helped the stock the breakout from a Pennant formation on the weekly charts. Pennant is similar to a symmetrical triangle but with few differences.

The stock traded at a P/E multiple of 60.35, while the price-to-book value ratio stood at 44.25.

It is often seen that investors – especially those who are just stepping into the markets – chop and change their strategy during a recession. In fact, some are so affected by the ‘bad’ news that they decide not to take the plunge at all.

As of 31-Dec-2022, promoters held 45.25 per cent stake in the company, while FIIs held 19.3 per cent and domestic institutional investors had 18.04 per cent.