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A total of 727 shares changed hands on the counter till 01:33PM (IST)

Revenue is expected to increase 7.2 per cent sequentially (8.4 per cent YoY) to Rs 10,416.50 crore due to November 2021 tariff hike. The brokerage sees average revenue per user rising 11 per cent sequentially to Rs 127 from Rs 115 in Q3FY22.

The stock traded at a P/E multiple of 48.85, while the price-to-book value ratio stood at 4.75.

As of 31-Dec-2021, promoters held 69.44 per cent stake in the company, while FIIs held 11.66 per cent and domestic institutional investors had 4.42 per cent.

“The so-called long duration stories, the technology stories, the companies that have lots of great stories but not much profit, are not the place to be in a rising rate environment. The place to be in is commodities. Banks have become really beaten up but if rates are going up, then banks benefit from that. ”

A total of 31,174 shares changed hands on the counter till 12:27PM (IST).

Cholamandalam Investment’s counter jumped to a high of Rs 734.90 as against Rs 686.95 at previous close on the BSE.

As of 31-Dec-2021, promoters held 54.8 per cent stake in the company, while FIIs held 24.85 per cent and domestic institutional investors had 11.41 per cent.

The investors, who were allotted shares in the public offering, made a profit of 36 per cent as the counter touched a high of Rs 882.55, compared to its issue price of Rs 650. Market experts are suggesting that investors who applied for arbitrage gain should book profit while long term investors can remain invested.

Lodha is among the largest real-estate developers in India, by residential sales value, and is present in premium, affordable and mid income offerings across the Mumbai Metropolitan Region (MMR).