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The signing of this MoU will also make investors based in the province of Manitoba eligible to obtain registration as Foreign Portfolio Investors (FPIs) with Sebi.

“For the time being, it is best to stay on the sidelines and let this particular volatility play out. In the past, I have seen that when one tries to trade in such a market, one invariably ends up making mistakes. One has to live out this kind of a mild bearish period and hope that the next couple of quarters turn out to be better than what we have seen in the last quarter. ”

As of 31-Mar-2022, promoters held 30.3 per cent stake in the company, while FIIs held 26.19 per cent and domestic institutional investors had 17.5 per cent.

The Relative Strength Index of the stock stood at 55.35 on Thursday.

Nestle India said its net profit for the March quarter fell 1.25 per cent year-on-year (YoY) to Rs 594.71 crore compared with Rs 602.25 crore in the same quarter last year. The company had reported a 20 per cent drop in profit in the December quarter.

The stock has been a marked underperformer in the last year but recent technical structure points towards some recovery which could help Ramco stock price to climb closer towards Rs 1,000 in the next quarter, suggest experts.

According to a PTI report, in a letter dated April 19, the RBI stated that Fino Bank can carry out referral services of term deposit products in the form of FD and RD as a Business Correspondent of Suryoday Small Finance Bank (SSFB). Shares of Fino Bank climbed to a high of Rs 318.35 as against Rs 305.40 at previous close on the BSE.

“Other than JSW and Adani, the incumbents like UltraTech, Dalmia and Shree are the top three who I think should be bidding because it makes logical sense for them not to allow any other strong player to come into their sector. So they should also be aggressively bidding. So all these four, five names are going to be frontrunners.”

As of 31-Mar-2022, promoters held 26.45 per cent stake in the company, while FIIs held 53.88 per cent and domestic institutional investors had 5.3 per cent.

A total of 39 shares changed hands on the counter till 11:21AM (IST).