Based on the principle of demand supply mechanism, exchange will arrive at the equilibrium price – the price at which the maximum number of shares can be bought / sold.

Investing in equities is the first chapter of many a rags-to-riches story. Some of the wealthiest individuals in the world owe their success to the stock market. It is only because of investing, individuals like Warren Buffett, Rakesh Jhunjhunwala and many more now rank as billionaires.

The price action suggests, there is a serious problem the bulls have to deal. Amidst all this chaos, there is stock which would soothe the jittery nerves. 

The stock has been buzzing on the bourses as it has jumped nearly 5 per cent and trades above Rs 600 mark. The stock is in limelight owing to fabulous earnings reported by the company.   

The audit committee, which includes two independent directors, has also come under scrutiny due to their lack of expertise in accounting and financial statements. They are qualified Company Secretary not Chartered Accountant.   

Margins and profits were took a hit amid non-recognition of subvention income against Kisan credit card (KKC) loans, higher provisions from Reserve Bank of India divergence report, rise in provision coverage ratio

The company has consistently rewarded its shareholders with dividends since 2003. The stock has jumped more than 10 per cent in the last week along with robust volumes.

What’s more impressive is that despite this strong up-move in a very short period the stock is trading at a PE multiple of 10.7, and the company has been maintaining a healthy dividend payout of 25.5 per cent. 

Talking about the delivery volume, the percentage of delivery quantity to total traded quantity would blow your mind as it stands at 58.60 per cent on Thursday (February 09) and 61.98 per cent on Friday (February 10). In the last two days, the volume has been outstanding as the total volume traded on Thursday and Friday was 17.2 and 19.5 lakhs shares.  

For the quarter ended December 2022, its total revenue stood at Rs 291 crore as against Rs 212 crore in the same period of last year. Net profit almost doubled in the quarter ended December 2022 as it surged to Rs 39 crore as against Rs 21 crore in quarter ended December 2021.