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Net interest margin for the quarter improved to 10.1% as compared with 9.1% in the year-ago period. Net interest income was at Rs 225 crore against Rs 177 crore. Pre-provisioning operating profit rose 48% at Rs 117 crore

On the technical charts, the 200-day moving average of the stock stood at Rs 1398.61.

Typically, licensing income tends to be lumpy. When we out-license any of our molecule to our customers, we receive the licensing income and we have had an out-licensing deal or transaction with a partner which led to this large income during this quarter

A total of 3,434,054 shares changed hands on the counter till 02:11PM (IST)

Revenue from operations during the first quarter, however, rose 16% YoY to Rs 4,418 crore. The same stood at Rs 3,796 crore in the year-ago quarter.

In April, Raymond agreed to sell its consumer business Raymond Consumer Care including brands such as Park Avenue deodorant and Kamasutra condoms to Godrej Consumer Products for $345 million in a bid to turn debt-free.

"Crypto markets saw a slight dip with Bitcoin falling nearly 1% after U.S. CPI print showed inflation rose to 3.2% annually in July, compared to the expected 3.3% but still significantly higher than the Federal Reserve’s desired 2%," said, CoinDCX Research Team.

Ashok Leyland, Astral Ltd, Cummins India, HDFC Asset Management Company, IDFC First Bank, Power Finance Corporation, REC and Supreme Industries will be added to the MSCI India Index.

As I said that the FMCG business is going to be the big driver for the company because another thing is that if you look at ITC, then earlier a lot of capital implied of the company was going in hotels. Now, with the hotel business out of the way and in FMCG also, they have created the capacity, they have created the brand over the years.

As of 30-Jun-2023, promoters held 46.86 per cent stake in the company, while FIIs held 9.76 per cent and domestic institutional investors had 3.05 per cent.