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"We never panicked. We added to some existing positions and never cashed out. In fact, we were in cash to an extent and we started deploying the cash to that much extent. Basically, the panic was in banks and had nothing to do with the US and we saw a lot of connections in the banks in India per se. We love our private sector banks and we picked up a few names there."

"Probably the best clue to what the Fed does at the next meeting on March 22 is how markets behave in the interim, given the Fed’s obsession with financial conditions," Wood said.

The stock traded at a P/E multiple of 18.29, while the price-to-book value ratio stood at 0.82.

As reported by ET, the ministry also approved the procurement of the 155mm/52 Caliber Advanced Towed Artillery Gun System (ATAGS) for the Indian Army. Initially, 310 of the indigenous guns are to be procured, with the order to be split between Tata and Bharat Forge

"Bitcoin is inching closer towards the $26,000 mark. Following the Arbitrum Airdrop announcement that came out yesterday evening, the sentiments across the crypto market took a positive turn. It is one of the biggest and most awaited events since the past several months," Edul Patel, Co-founder and CEO at Mudrex, said.

The CIO of Helios India, Dinshaw Irani, says one should use every rally to get out of IT. The soundbites that came out of NASSCOM were not very gung-ho about it. In fact, after seeing a dip from 90 odd percent to 11 odd percent, they are still talking about a slowdown in FY24 as such and said .the year of excesses is coming to normal. IT is one area of concern.

On the technical charts, the RSI of the stock stood at 37.29.

The portfolios of mutual funds have witnessed a significant churn in February despite volatility in the markets.

Sebi is investigating the company for running an unregistered collective investment scheme (CIS). The scheme was allegedly an investment scheme in the disguise of a club membership program allowing access to members to use the company’s resort properties for vacationing

About 60% of the offer is reserved for retail investors, while 30% is set aside for non-institutional investors. Meanwhile, 10% of the issue is reserved for Qualified institutional buyers (QIB).