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“We have used most of the proceeds for retiring our debt and other obligations. The balance will be used as working capital and some of it will go to other general corporate purposes. The company is in a very strong position because our cash flows are throwing up more funds for operations and expanding working capital.”

Buoyant secondary markets and record primary listings last year drove confidence in the IPO markets, providing a conducive environment for companies to go public and provide a positive element for start-ups and investors to consider IPO as a viable exit strategy, Refinitiv said.

“Today we exist in six languages. We plan to add Odia, Marathi and Bengali and take our footprint national. This is as far as state and central government exams are concerned. We plan to set up a network of offline hybrid centres to complement our online presence. This is expected to give us access to the tier III, tier IV towns in India. ”

The Nifty Auto index closed 0.11 per cent down at 10882.1.

“Short term rotation between stocks to stocks will have to be a bit more aggressive in this environment to generate that extra alpha that you would want. Sitting with long-term stories at this juncture is very dangerous if you do not really have a near term catalyst. So this cannot hold good in this phase of the market. ”

The superstar fund manager has upped his stake in Ahmedabad based The Anup Engineering and Kolkata headquartered Rupa and Company during the last quarter of financial year 2021-22.

A total of 15,452 shares changed hands on the counter till 02:09PM (IST)

Yes Securities has given a target price of Rs 391 on the counter, signaling a potential upside of about 29 per cent over its previous close of Rs 304.20 on Friday.

Data showed Jhunjhunwala held 75,00,000 shares or 5.68 per cent stake in the company as of December 31. He was not among key shareholders owning over 1 per cent stake in the company, as of March 31. Data available with Trendlyne suggests Jhunjhunwala was holding this stock at least since December 2015.

The million-dollar question now is when will Mint Street actually hike the benchmark policy repo rate? If two sets of economists from prominent foreign institutions are to be believed, it’s as early as June.