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Based on FY22 earnings, the company is valued at 26.5x P/E, 12.4x EV/EBITDA and 5.1x EV/Sales, which is a discount to peers. The company has a leading market position and it is undergoing continued expansion, said Reliance Securities.

SIS Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 6089.63 Crore) operating in Services sector.

However, its revenue from operations rose 10.66 per cent to Rs 409.25 crore during the quarter under review against Rs 369.82 crore in the corresponding period of the previous fiscal.

The Dow Jones Industrial Average rose 50.88 points, or 0.16%, at the open to 32,454.10.

“The second quarter of FY23 witnessed a turnaround in consumer sentiments with pent-up demand across vehicle segments on both year-on-year and sequential basis”, said Ashok Minda, Chairman & Group CEO, Minda Corporation.

Revenues from operations stood at Rs 2,886.37 crore in the period under review, which is an increase of 18.7% compared to Rs 2,432.32 crore posted in the year-ago period. Earnings before interest, tax, depreciation and amortisation (Ebitda) margin stood at 7.1%.

City Union Bank Ltd., incorporated in the year 1904, is a banking company (having a market cap of Rs 14200.03 Crore).

MATIC, worth more than $1.2 billion, exchanged hands in the last 24 hours, with volumes surging about 50% in the last 24 hours, suggests data . Polygon, the 11th largest crypto asset, was commanding a market cap of over $10.45 billion.

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The Bengaluru-based SFB also showed a significant improvement in its asset quality as the gross Non-Performing Assets (NPAs/bad loans) were trimmed by half to 5.06 per cent of the gross advances at the end of September 2022 over 11.80 per cent by the end of September 2021.