The company's consolidated profit after tax (PAT) declined 25 per cent year on year (YoY) at Rs 49.3 crore, on the back of flat revenues at Rs 455.5 crore over the previous year quarter.
CLOSING BELL: The broader markets, meanwhile, bled more with the BSE SmallCap index sliding nearly 3 per cent, and the BSE MidCap index falling close to 2 per cent
Investors, who thronged the markets during the Covid-induced sell-off, are looking for cover. Rising interest rates and inflation have taken a toll on sentiment. Find out the road ahead for equities
Amid talks of an impending recession, select pockets in the market have been hit the hardest and have entered the bear zone. Find out the fundamental and technical outlook for these sectors
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The broader markets ended with deeper losses, with both the BSE Midcap and Smallcap indices down over 1.5 per cent each; the breadth too at 2:1 was in favour of the bears.
Going forward, the ability of developers to show growth on a high base of FY22 sales, and management of a weak macroeconomic environment along with rising interest rates would be the key monitorables
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Indian markets outperformed even in the recent correction, thanks to retail participation. How are retail investors looking at the macro-economic situation? Can their investments shrink going ahead?
"Retail investors have the capability to be smart themselves, provided we can remove the complexity from the process of learning," said StockEdge's Vinay Pagaria