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"A good tax system minimises exemptions and really eliminates all of them and keeps the tax rates low. The government had tried this in Budget 2021. It introduced an alternative tax schedule which taxpayers could use largely and very few exemptions were admissible under that schedule but the tax rates still remain quite high. As a result, there have not been many takers. Only people like me, who have zero exemptions, use that tax schedule. "

A total of 13,529 shares changed hands on the counter till 11:22AM (IST)

This is not merely an unwarranted attack on any specific company but a calculated attack on India, the independence, integrity and quality of Indian institutions, and the growth story and ambition of India, Adani said.

Punjab National Bank, incorporated in the year 1969, is a banking company (having a market cap of Rs 58138.16 Crore).

The stock traded at a P/E multiple of 57.84, while the price-to-book value ratio stood at 34.39.

In constant currency terms, sales grew 0.2% sequentially and were largely on expected lines. Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), rose 8% sequentially and 4% YoY to Rs 2,144 crore, the company said.

On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18200 strikes while the weekly maximum Put OI is placed at 17000 and then towards 17500 strikes.

A total of 2,793 shares changed hands on the counter till 10:30AM (IST)

Given this is a thematic opportunity, any allocation should be done only after a thorough assessment of one’s risk appetite, and financial goals and a cautious evaluation of the investment opportunity, and typically, the allocation may not be more than 5-10% of one’s equity allocation, Shami said.

The stock traded at a P/E multiple of 12.45, while the price-to-book value ratio stood at 1.18.