The issue looks priced in line with its listed peers. The long term prospects of the company tend to be impressive owing to huge under-penetration.
The overall trend is still strong and a breakout above 17,500 would reinforce the bulls to start an afresh rally towards 17800.
The company reported a 43.3% rise in its net profit Rs 99 crore in the fourth quarter in FY21 from Rs 69 crore due to sharp cost controls
Provisions for bad loans and contingencies during the reported quarter fell to Rs 1,865.69 crore as against Rs 2,440.32 crore put aside in the year-ag