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At the interbank foreign exchange, the rupee opened at 74.97 against the American dollar, then inched higher to quote 74.92, registering a rise of 15 paise from the last close.

Promoters held 30.3 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 24.42 per cent and 19.75 per cent, respectively.

Shares of AGS Transact technologies listed at Rs 176 on BSE, just Re 1 above its issue price of Rs 175. On the National Stock Exchange (NSE), the counter listed flat at Rs 175.

“Markets have corrected 10%. So many companies have corrected significantly. I can clearly see bottom-up opportunities in this market now. Overall, there will be a lot of action on PSUs, on sectors which are linked to the economy and also sectors which are benefitting from manufacturing, specifically out of exports.”

Shyamal Kumar, co-founder & CEO, Lavelle Networks, said the company is “excited that its product and early market success will now be massively accelerated by this transformational partnership with Airtel”.

The stock traded at a P/E multiple of 14.74, while the price-to-book value ratio stood at 0.99.

A total of 208 shares changed hands on the counter till 12:58PM (IST).

"During the quarter, net profits doubled owing to significant margin expansion in the chemicals segment, whilst the fertilizer segment faced challenges due to uncertainties around raw material availability and costs," Chairman and Managing Director Sailesh C Mehta was quoted as saying in PTI’s report.

On the technical charts, the RSI of the stock stood at 48.78.

The price band for Vedant Fashions IPO has been fixed at Rs 824-866 per share.