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The stock traded at a P/E multiple of 21.27, while the price-to-book value ratio stood at 2.96.

The Nikkei share average rose 3% to close at 28,040.16, while the broader Topix climbed 2.33% to 1,978.70. Both ended at their highest since Jan. 18 and posted a seventh straight session of gains, the longest winning streak since September 2021.

Hong Kong shares of ZTE Corp soared as much as 60% as trading resumed in the afternoon, while its Shenzhen shares rose nearly 10%. The telecommunications equipment maker completed five years of probation in the U.S.

Expect APL to sustain its high earningsgrowth momentum (expect PAT CAGR of 37% over FY21-24E) supported by robust double-digit volumegrowth and margin expansion.

A total of 22,170 shares changed hands on the counter till 01:39PM (IST).

As per the filing, the subsidiaries to be merged with Adani Power are Adani Power Maharashtra Ltd, Adani Power Rajasthan Ltd, Adani Power (Mundra) Ltd, Udupi Power Corporation Ltd, Raipur Energen Ltd, and Raigarh Energy Generation Ltd.

Star Health is expected to maintain its leadership inretail health segment with sustainable long term opportunity. Premium growth at 23-24% CAGR & focus on underwriting profit is expected to keep RoE ahead of peers.

Last year the lender had processed home loans worth Rs 1.55 lakh crore, registering a year-on-year growth of 30% as demand for homes surged. Low interest rates, stable property prices and state wise stamp duty sops have all aided growth in the housing finance segment.

“I remain bullish. The returns for the next three-six months would probably be subdued because there are too many headwinds but longer term the bull market that began in 2019 September is still intact and going strong. Don’t try to time the market, you will probably get the short end of the stick, Even if the market does not make a new high for six months, it is a good time to buy into equities and to remain invested.”

The stock quoted a 52-week high of Rs 606.0 and a 52-week low of Rs 393.9.