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"The accumulated profits of Q1 are likely to help tide over the current quarter where margins have turned to basically almost nominal levels. Blended retail margins versus almost Rs 8.5 plus that they made on a blended basis in the first quarter. I would think that the OMCs would want to hold off on trying to pass on any of these price increases as much as is possible because there are legitimate inflationary concerns."

Meanwhile, the revenue from operations for the reporting quarter stood at Rs 2,416 crore, which was up nearly 71% year-on-year (YoY) against Rs 1,414 crore reported by the company in the year-ago period.

The gaming company will use the funds to invest in funding requirements and growth objectives of the company including for making strategic acquisitions and investments in various other companies, entities or gaming funds, the exchange filing said.

After a strong rally, crude oil futures are witnessing some profit-booking at higher levels, but the overall trend remains positive, and a buy-on-dips strategy is recommended, analyst Anuj Gupta, Head Commodity & Currency at HDFC Securities, told ETMarkets. He suggests a buy at Rs 7,050 with a stop loss of Rs 6,950 and a target of Rs 7,300.

The Return On Equity (ROE) essentially measures the rate of return that the owners of common stock of a company receive on their shareholdings.

​So from that point of view in the sense, of course, we expect it to be neutral or maybe slightly better but more or less neutral. On the mark up, obviously those are the things where services will not get rendered. So clearly, areas where we are transitioning early, then those elements will change.

A look at the Nifty Auto index’s performance over the past one year suggests that it has done better than Nifty50 and also outperformed Nifty IT, Nifty Bank, Nifty FMCG, Nifty Metal and Nifty Media during this period while underperforming Nifty Pharma and Nifty Realty.

The Nikkei index closed 0.75% lower at 32,991.08, after hitting a high of 33,322.45 in morning trade. The broader Topix scaled a 33-year high of 2,397.33 in the morning, but closed 0.4% lower at 2,383.38.

The stock has given a flag breakout.

Short-term traders can look to buy the stock for a possible target towards 500 levels in the next 3-4 weeks, suggest experts.