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He already holds the stock in his portfolio, according to shareholding data released by the company. As of March-end, he owned 3 lakh shares of the company or 1.05 per cent stake in the firm

The Dow Jones Industrial Average fell 142.0 points, or 0.42%, at the open to 33907.49.

ET Now on Tuesday reported the price band, citing sources. Meanwhile, the company is set to officially announce the same in a press conference on Wednesday in Mumbai.

​​An analyst poll conducted by ET Now had projected net profit at Rs 2,500 crore.

The mineral miner reported a consolidated profit after tax (PAT) of Rs 176.99 crore for the quarter ended March 2022. The company had posted a consolidated post-tax loss of Rs 184.63 crore in the year-ago period.

At the interbank forex market, the rupee opened at 76.48 against the greenback and moved in a range of 76.43 to 76.69 in the day trade. The rupee traded at 76.60 at 1530hrs, higher by 4 paise over its previous close of 76.64.

“What is encouraging for us is the balance sheet strength of corporates and the fact that the investment cycle is starting to come through. Private capex and housing are the two themes that we are more positive on over the next three to five years. They underpin the overall earnings trajectory that the broader market should see over the course of the next three to five years. ”

Rakesh Jhunjhunwala and his better half Rekha together held a 5.5 per cent stake in the credit rating, research, risk & policy advisory company as of March 31.

​​Analysts see tough resistance ahead. They feel that failure to take out 17,400-450 levels could bring selling pressure to the index. Support seen at 17,050 level, they said.

Analysts believe given the high valuation Campus is seeking in its IPO, suddenly the outlook footwear stocks available at relatively lower value has improved. Thus, Khadim India was the biggest gainer, followed by Bata India.