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Promoters held 56.69 per cent stake in the company as of 31-Mar-2023, while FIIs owned 10.05 per cent, DIIs 19.42 per cent.

The US Federal Reserve is anticipated to raise its interest rate by another 25 basis points and indicate a pause in the future, following a period of turmoil in the financial markets. The impending rise would mark the third 25-bp hike in a row, bringing the federal funds rate to a range between 5% to 5.25%, a level previously reached in 2007. Experts predict that a range of factors, including tighter lending conditions and an economic slowdown, suggest that inflation may cool in the months ahead. However, the decision has been hampered by recent events in the banking sector.

A total of 20,316 shares changed hands on the counter till 01:27PM (IST)

Consolidated revenue from operations stood at Rs 13,872.6 crore in Q4 FY23

As of 31-Mar-2023, promoters held 38.05 per cent stake in the company, while FIIs held 31.41 per cent and domestic institutional investors had 10.5 per cent.

A total of 10,700 shares changed hands on the counter till 12:46PM (IST).

On the technical charts, the RSI of the stock stood at 53.11.

LTFH’s strong growth in retail and an accelerated rundown in wholesale are positive factors that will make the portfolio granular and improve consolidated profitability.

The stock quoted a 52-week high price of Rs 895.0 and a 52-week low of Rs 594.0.

Indian government bond yields declined on Wednesday, in anticipation of a policy pivot from the U.S. Federal Reserve after an expected rate hike. Traders largely expect the central bank to maintain a prolonged pause amid an improvement in inflation outlook and a sharp fall in oil prices. The 10-year benchmark 7.26% 2033 bond yield fell to 7.0500%, its lowest level since April 26, 2022