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The stock traded at a P/E multiple of 6.12, while the price-to-book value ratio stood at 1.13.

Sundram Fasteners has projected an investment of over Rs 350 Crores for manufacturing Advanced Automotive Technology (AAT) components like powertrain sub-assemblies for Electric Vehicles (EV) and select Internal Combustion Engine (ICE) vehicles out of its planned five-year capital expenditure amounting to Rs 2,000 crores.

Gold inched lower on Thursday but prices were set for their biggest quarterly gain since September 2020, as the Russia-Ukraine conflict lifted demand for the safe-haven metal. Spot gold was down 0.3% at $1,926.46 per ounce by 0245 GMT. U.S. gold futures were down 0.4% at $1,931.00.

“My investment in fixed income and gold and silver has done phenomenally well for me. Right now, for a retail investor the urge to jump into the market is sharp because it has again run up 1200, 1300, 1400 points from their recent lows of about 15,800 or so. But in the last one year or so, I have outperformed the Nifty. I have done that without holding much stocks.”

Fortis Healthcare Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 21165.25 Crore) operating in Hospitals & Allied Services sector.

“It is a part of our job to analyse things and not repeat a book from 10 years ago saying that if you invest for 20 years, it is very good. We agree with five years, we agree with three, four years also; but to be in the market for 25 years, one has to be a little bit analytical.”

Investigations are also being conducted around supply chains and whether mechanisms are in place to camouflage or suppress the origin of goods, services or money trails and the conduct of business through illegitimate channels.

One of the initiatives - creation of nano-factories within its large manufacturing units to speed up innovation with faster product rollouts - is now being taken to other countries by parent Unilever, said Willem Uijen, executive director, supply chain, at HUL.

Raymond has held talks with Denmark-based retail group Bestseller to sell the ColorPlus business, but the talks failed without a deal, two persons familiar with the development said.

About 97.4 lakh shares by nearly 14,600 investors were withdrawn from the Rs 4,300-crore Ruchi Soya follow-on public offering (FPO) as the deadline for the same closed on Wednesday evening.