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As of 31-Dec-2021, promoters held 0.22 per cent stake in the company, while FIIs held 52.21 per cent and domestic institutional investors had 12.16 per cent.

The RBI’s decision to finally institute the long-awaited Standing Deposit Facility has altered the landscape of interest rates in the country.

A total of 727 shares changed hands on the counter till 01:33PM (IST)

Revenue is expected to increase 7.2 per cent sequentially (8.4 per cent YoY) to Rs 10,416.50 crore due to November 2021 tariff hike. The brokerage sees average revenue per user rising 11 per cent sequentially to Rs 127 from Rs 115 in Q3FY22.

The stock traded at a P/E multiple of 48.85, while the price-to-book value ratio stood at 4.75.

As of 31-Dec-2021, promoters held 69.44 per cent stake in the company, while FIIs held 11.66 per cent and domestic institutional investors had 4.42 per cent.

“The so-called long duration stories, the technology stories, the companies that have lots of great stories but not much profit, are not the place to be in a rising rate environment. The place to be in is commodities. Banks have become really beaten up but if rates are going up, then banks benefit from that. ”

A total of 31,174 shares changed hands on the counter till 12:27PM (IST).

Cholamandalam Investment’s counter jumped to a high of Rs 734.90 as against Rs 686.95 at previous close on the BSE.

As of 31-Dec-2021, promoters held 54.8 per cent stake in the company, while FIIs held 24.85 per cent and domestic institutional investors had 11.41 per cent.