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The brokerage values the stock at ~36x 1-year forward EV/EBITDA.

The dividend will amount to about Rs 5,493 crore. The company has fixed a record date of January 30 for the purpose of payment of the third interim dividend to eligible shareholders.

Promoters held 62.55 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 11.85 per cent and 7.07 per cent, respectively.

"L&T Technology posted a flat QoQ topline growth in constant currency in 3QFY23, missing our estimates of 2% QoQ growth. Despite weak growth, EBIT margin improved 60bp QoQ over a low base (wage hike in 2QFY23), beating our estimates of 18.3%," brokerage firm Motilal said.

The brokerage expects margins to come-off QoQ, but strong credit growth and lower other income base due to heavy treasury loss last year should boost pre-provision operating profit (PPoP) growth. Slippages will remain similar to that in Q2.

Hatsun Agro Products, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 19111.84 Crore) operating in FMCG sector.

A total of 4,128 shares changed hands on the counter till 12:46PM (IST)

The dollar index was headed for a second consecutive weekly decline, making bullion cheaper for holders of foreign currency. The index is currently hovering marginally above 102 levels.

The Relative Strength Index of the stock stood at 51.1 on Friday.

The Nifty Auto index was trading 0.02 per cent up at 12765.65.