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RBI had mandated Jio Financial to undertake the conversion exercise while giving its approval for change in the shareholding pattern and control of the company pursuant to the demerger of the financial services business from Reliance Industries Limited (RIL).

As of 30-Sep-2023, promoters held 0.22 per cent stake in the company, while FIIs held 35.0 per cent and domestic institutional investors had 30.09 per cent.

In the September quarter, foreign brokerage firm Jefferies has forecast 20% YoY growth with slight improvement in margin on a sequential basis.

UltraTech Cement Ltd. key Products/Revenue Segments include Portland/Possolana Cement, Cement Grey, Other Operating Revenue, Scrap, Sale of services, Lease Rentals for the year ending 31-Mar-2023.

Nifty faces substantial resistance in the range of 19800-19900, and a breakthrough of these levels could trigger a swift upward movement, prompting an unwinding on the call side and potentially propelling the Nifty to the 20000–20200 zone, said Ameya Ranadive of Choice Broking.

The stock traded at a P/E multiple of 107.02, while the price-to-book value ratio stood at 13.72.

Short buildup means more people are expecting the prices to go down and creating short positions

The price action was accompanied with volume action as nearly 65 lakh shares changed hands on the NSE around 10 am.

The Nifty Bank index was trading 0.31 per cent down at 43553.55.

Taking cues from the international prices, MCX December gold futures opened in the red and were trading at Rs 61,139 per 10 gram, down by Rs 86 or 0.14% from the Tuesday closing price.