"We have not added any new-age listed companies to our portfolio. Zomato we had added a few months back, but we immediately moved out also after a few months. So we are on the sidelines and are looking for how to adjust and try to understand the valuations."
Analysts said the index has come out of a range and some more upside is possible
The Nifty IT index closed 0.19 per cent up at 38212.2.
The value of loans disbursed through our platform during the quarter was Rs 2,180 crore, an increase of 365 per cent YoY, the company said in an exchange filing.
In the international market, gold was trading lower at $1,794 per ounce and silver was flat at $22.28 per ounce.
This is a good time for this government to set in policies which will help it get re-elected. Bagga expects an expansionary budget which might be welcomed by markets
The stock traded at a P/E multiple of 70.67, while the price-to-book value ratio stood at 6.64.
The stock quoted a 52-week high of Rs 7462.95 and a 52-week low of Rs 4027.0.
On the technical charts, the 200-day moving average of the stock stood at Rs 3827.06.
We own India Cements quite significantly and I am still positive because on EV/EBITDA or valuation basis, it is still very cheap.
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