The stock traded at a P/E multiple of 8.14, while the price-to-book value ratio stood at 2.36.

The foreign bank forecasts the government’s fiscal deficit target for the next financial year at 6 per cent of GDP in its base case scenario

A total of 1,886 shares changed hands on the counter till 12:43PM (IST).

The Nifty Realty index closed 0.57 per cent up at 497.95.

The board of directors of the bank FedFina in a meeting on January 11, 2022, has approved initiating the process of an initial public offering (IPO) by way of fresh issue and offer for sale, Federal Bank said in a regulatory filing.

Lupin Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 42717.22 Crore) operating in Pharmaceuticals sector.

A total of 263 shares changed hands on the counter till 11:52AM (IST).

Ajit Mishra, VP- Research at Religare Broking, sees Sensex at 62,500 and Nifty50 at 18,700 in the run-up to Budget 2022

Domestic investors were keenly awaiting the kick start of the Q3 earnings season, with results of TCS, Infosys and Wipro scheduled for later in the day.

"The short-term momentum reflects a market in complete control of the bulls. The expected good results from the three IT majors today is likely to impart resilience to the market. Though Omicron cases are exploding in Europe and US, the market message is that it is a manageable risk," said Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.