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Promoters held 37.4 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 18.89 per cent and 0.02 per cent, respectively.

The revenue from operations grew 94.7 per cent from a year ago to Rs 597.3 crore. The company announced an interim dividend of Rs 7 per share.

The Ebitda declined 6 per cent to Rs 23 crore compared with Rs 25 crore posted last year. The company’s margin contracted to 22 per cent in the December 2021 quarter as against 32 per cent in the same period a year ago.

PNC Infratech Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 7787.25 Crore) operating in Infrastructure sector.

The stock traded at a P/E multiple of 54.38, while the price-to-book value ratio stood at 3.57.

The Nifty Realty index was trading 0.61 per cent up at 519.25.

Godrej Properties Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 54606.44 Crore) operating in Real Estate sector.

Barring Cardano and dollar-pegged Tether, all other eight out of top-10 digital tokens were trading lower during the early trade on Tuesday. Cardano zoomed over 7 per cent although Terra tanked over 10 per cent.

“It is going to be a year of swing trading rather than trend following. For a trader, that is a very accurate answer but we as a PMS I cannot do that.”

“This is a time for us to buy rather than to sell. I’d be happier to spread my buying over a longer period. I do not expect this quarter to be blockbuster in a meaningful way, given how volatile oil prices were in the quarter but longer term, from a 5 to 10 year perspective, it is a very interesting stock.”