On Tuesday, shares of STL plunged 1.08 per cent to Rs 147.10 per share with an intraday high of Rs 150.90 and an intraday low of Rs 146.80. The company reported excellent numbers in its quarterly results and annual results and has been maintaining a healthy dividend payout of 29.80 per cent.

The price band of the issue has been fixed at Rs 250 to Rs 265 per equity share. The issue size is Rs 592 crore at a higher price band.

On Tuesday, at 03:30 pm, indices ended the trading session higher with the BSE Sensex Index up 0.71 per cent at 63,416.03 and the NSE Nifty-50 Index up 0.68 per cent at 18,817.40. 

On Tuesday, it is expected that the market will open slightly higher based on the indication of the SGX Nifty, which shows a positive start for the benchmark indices. The SGX Nifty has gained 21 points since the opening of the session at 18,724 points. In early trade on June 27, SGX futures reached a high of 18,759 points.

The share saw a spurt in volume by 3.39 times on BSE.

The share saw a spurt in volume by 1.38 times on robust management commentary.

The company achieved notable enhancements in revenue and profit figures, illustrating its business's robustness and adaptability in a highly competitive market

The company has a market cap of 1,376.16 crore with a 3-year CAGR of 21 per cent. The stock has a PE of 14.50x whereas the sectoral PE is 32x. The company reported excellent numbers in both quarterly results and annual results. As of March 31, 2023, the company possesses a robust order book valued at Rs 9,513 crore.

In H2FY23, the company reported a 184.22 per cent increase in net sales YoY.

Operating profit stood at Rs 146 crore, an impressive jump of 102.77per cent over FY22.