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“When new competition enters our sector, it is important for us to just concentrate on our strength and strategy and to correct if any weakness is there over a period of time. There is no question of feeling threatening here because the industry size is good, the growth is good, and it takes time for any new player to come and create a distribution and relationship network with dealers.”

“Having delivered our highest ever Q1 bookings of 2,520 crores, we are on track to meet our FY23 objective of achieving Rs 10,000 crore booking value. Despite elevated inflation and recent interest rate hikes, the real estate sector has been exceptionally resilient. The sector is likely to continue to strengthen in the quarters ahead and we will be focused .

The stock quoted a 52-week high of Rs 87579.85 and a 52-week low of Rs 62944.5.

A total of 8,412 shares changed hands on the counter till 01:30PM (IST)

"The company is focussing on lighter jewellery along with campaigns to cater to regional tastes and preferences. Further, the eyewear business is gaining scale and growth prospects in this large but highly organized segment look encouraging. Watches and wearables growth will be led by a significant revamp of WOT distribution and emerging wearables segment," it said.

“The acquisition of Pantnagar land is in alignment with the company’s vision of a five times growth plan which targets a revenue potential of Rs 4,000 crore over the next 3-5 years. Ghatkopar, Pantnagar is poised to become a lucrative destination for the homebuyers with its newly planned infrastructure development,” said Dhaval Ajmera, Director, Ajmera Realty & Infra India.

Promoters held 0.0 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 8.68 per cent and 2.1 per cent, respectively.

"We have now assumed a tariff hike of 15 per cent in our Q4FY23 estimates and lower SUC charge. As 5G use cases are still scarce globally, monetisation of such high-spectrum investments will take longer. We have not yet baked in 5G revenue in our estimates, as we would wait for progress on the commercial launch and B2B tie-ups by companies," Emkay Global said.

The Relative Strength Index of the stock stood at 63.57 on Tuesday.

With an improved growth profile and optimal capital utilisation, with benefits of a likely credit rating upgrade, the move is unlikely to be earnings or return on equity (RoE) dilutive, said analysts. Prashant Kumar, MD & CEO at YES Bank told ET NOW earlier this week that the fundraising would be a turning point for his bank.