According to a stock exchange statement, the business was able to successfully complete the sale of a land parcel at Thane, earning a gain of Rs 170.81 crore (net of tax, Rs 139.24 crore).

The broader market indices were trading lower, with the BSE Mid-cap Index down 0.50 per cent and the BSE Small-cap Index down 0.39 per cent, respectively.

Indices witnessed strong profit booking session led by index heavyweight stocks because of MSCI adjustment factor. Nifty cracked 186 points to close 1 per cent lower at 18,069 level.  S&P BSE Sensex dropped more than 700 points and closed at 61,054 level. Nifty Midcap 100 and Nifty Small cap 100 also traded weak for the day to close around 0.70 per cent and 0.82 per cent lower respectively.   

These stocks from S&P BSE 250 SmallCap space were trading in the green after strong demand from buyers.   

The company has been maintaining a healthy dividend payout of 23.9 per cent with a dividend yield of 2.67 per cent. The stock has an ROE of 21 per cent and a ROCE of 27 per cent.    

The investors have certainly cheered on the better-than-expected earnings report as strong buying sentiment propelled the stock 20 per cent to hit the upper circuit.

While the benchmark BSE Sensex and Nifty 50 fell on Friday, amid frantic selling in frontline bluechip counters, a number of stocks experienced declines of more than 5 per cent.

The stock has an ROE of 154.77 per cent.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 333.44 points or 0.54 per cent.

The maximum stake of the company is owned by the promoters (74.63 per cent) and the rest is owned by the general public (25.37 per cent) as of March 2023.