DSIJ Mindshare

The company has a market cap of over Rs 1,000 crore with a 5-year stock price CAGR of 60 per cent. The shares of the company have a PE of 28.30x, a ROE of 19.28 per cent and a ROCE of 23.97 per cent.

Inflation coming down, bond yields falling, lower interest rates, robust GST collection, and improved direct tax collection, all indicating improved corporate earnings growth and in turn market returns, asserts Feroze Azeez, Deputy CEO, Anand Rathi Wealth Limited

The broader market sentiment seemed positive, with approximately 1454 stocks advancing compared to 419 stocks declining.

In the current financial year, the company announced bonus shares in the ratio of 1:1 for its equity shareholders as of the record date. The ex-bonus date was April 24, 2023.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 113.98 points or 0.17 per cent.