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Shanthi Gears Ltd., incorporated in the year 1972, is a Small Cap company (having a market cap of Rs 1587.63 Crore) operating in Auto Ancillaries sector.

The NSE Nifty 50 index was up 232.45 points or 1.37 per cent at 17,273.45 at around 1.50 pm, while the S&P BSE Sensex rallied 812.35 points, or 1.43 per cent, to 57,631.74.

The company said its net revenue for the quarter climbed 22.58 per cent to Rs 18,862 crore from Rs 15,387 crore in the same quarter last year.

United Breweries Ltd. key Products/Revenue Segments include Other Operating Revenue, Scrap, Others, Non-Alcoholic Beverages and Royalty Income for the year ending 31-Mar-2021.

In order to understand the cost of a central bank’s FX intervention, let us hypothetically assume that the RBI chooses to intervene in the FX market and peg INR against USD. It means that whenever there are large foreign capital outflows leading to lower demand for INR, the RBI will offset the weakening bias in INR by selling equivalent amount of USD (or FXR) and sucking INR liquidity.

“We are reaching that inflection point where I would like to be on the fear and greed cycle which we typically look at. The Fear cycle is closer to the bottom and so I would like to participate rather than worry about what happened in the month of May historically as and when data points change, we will change our opinion.”

A total of 89,278 shares changed hands on the counter till 01:28PM (IST).

According to data from BSE, the company fetched bids for 28,39,96,662 equity shares or 8.45 times as against the issue size of 3,36,25,000 shares so far on the final day.

In an exclusive interview with Etmarkets.com, Joseph Lubin, Founder and CEO, ConsenSys, said that the funding will be utilized for two major purposes- expansion of MetaMask and hiring right skilled talent across the globe.

Promoters held 54.8 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 23.54 per cent and 12.8 per cent, respectively.