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The resultant shares to be bought back at the buyback offer price will not exceed 10,00,000 equity shares, representing 1.43% of the total number of equity shares in the total paid-up equity capital of the company as on March 2022

However, Sirvastava added that the overall impact on the stock market will depend on various other factors such as global economic conditions, geopolitical developments, and the growth prospects of individual companies.

“RBI had the choice of raising rates or not raising rates both would have been acceptable but they preferred to err on the side of caution and raised rates by 25 bps. They could have probably made the stance more neutral, more nuanced towards growth but they are taking it based on the data coming through.”

Emami, incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 18186.41 Crore) operating in FMCG sector.

With headline inflation under check, comfortable projections around fiscal and current account deficit, strong FDI, bumper harvest, comfortable forex reserves, stable rupee and a consistent monetary policy, the markets should take this announcement as a positive.

However, its revenue from operation grew 15% YoY at Rs 4,069 crore during the October-December 2022 period compared to Rs 3,552 crore in the year-ago period.

On the electric vehicle front, Hero MotoCorp is establishing ‘Vida’ as a premium and aspirational brand. “We are planning to roll this out across multiple cities in FY24. Our R&D teams are working on accelerated portfolio expansion as well in the EV space,” Gupta said

JM Financial maintained its buy rating on Motherson Sumi Wiring with a target price of Rs 70, which shows an upside potential of 31% from the current market price

On the technical charts, the RSI of the stock stood at 35.61.

​ Bharti Airtel on Tuesday reported a sharp 92% YoY rise in consolidated net profit for the December quarter to Rs 1,588 crore. >> For more such web stories click on the ET icon below