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The stock quoted a 52-week high price of Rs 411.5 and a 52-week low of Rs 251.25.

KIE removed Samvardhana Motherson from its recommended portfolio, while adding Cummins India and Colgate Palmolive instead. That said, KIE remains optimistic about Samvardhana Motherson’s fundamentals and long-term prospects even as it sees near-term headwinds from global growth challenges.

Promoters held 50.53 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 20.03 per cent and 7.29 per cent, respectively.

In times when the global environment remains uncertain, and there are limited avenues to reinvest in the business, companies tend to usually use cash to reward shareholders through a share buyback or a dividend payout.

Ujjivan Small Finance Bank CEO, Ittira Davis, expects small finance banks to grow at around 25% this year. The affordable housing sector has seen the biggest growth for Ujjivan this quarter, followed by micro banking. Davis believes the growth in the housing sector is due to the housing finance companies (HFCs) seeing an increase in demand. Ujjivan is also prepared for a higher interest rate environment, with deposits growing faster than loans. Davis expects small finance banks to grow at a stable rate of 25% this year.

Collections for the H1 FY24 reached Rs 5,380.6 crore, reflecting a 13% YoY growth. This sales performance can be attributed to sales volume of 10.7 million square feet, indicating a 30% YoY increase.

Global investors turned risk averse as military clashes between Israel and the Palestinian Islamist group Hamas deepened political uncertainty across the Middle East and raised concerns about oil supplies.

The fully integrated exploration & production company in the upstream sector accounts for 9% of the country’s total crude oil and natural gas production.

A large part of the impact on India depends on whether Iran, a major Hamas supporter, is drawn into the war. "That can disrupt oil supplies causing a spike in crude, which can trigger a risk-off in the market," said Dr. V K Vijayakumar of Geojit Financial Services.

The Relative Strength Index of the stock stood at 42.71 on Monday.