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Promoters held 0.0 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 5.42 per cent and 2.81 per cent, respectively.

The stock quoted a 52-week high price of Rs 1509.25 and low of Rs 1002.5.

“Banking still remains an interesting space because historically the rise in interest rates are followed by rising NPAs. We have to look at it from pre-2015 before the AQR and IBC was launched and post 2015 when over the past five years all incremental lending has gone to retail. So to that extent, this space is unlikely to see a huge blow out like we saw with the previous rising cycle ”

On the installed capacity generation basis Fossil Fuel based generation forms 58% & non-fossil fuel-based generation forms 42%. India’s National Grid is synchronously interconnected to Bhutan and importing excess electricity from Bhutan.

Earlier in the month, global brokerage firm Jefferies exited Zomato saying that they are incrementally wary of a potential rise in competitive activity in the sector as its chief competitor Swiggy has recently seen market share loss.

Nifty has outperformed its global peers with gains of around nearly 3% in the calendar year 2022. However, among sectoral indices, Nifty PSU Bank index remained the top gainer with nearly 54% gains, while Nifty IT index remained the top loser as it fell 27% in CY22.

Tanla Platforms Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 9610.78 Crore) operating in IT Software sector.

ITC Ltd. key Products/Revenue Segments include Packaged Food Item, Agricultural Products, Paper & Paper Boards, Others, Tobacco Unmanufactured, Service (Hotel), Printed Materials, Other Operating Revenue for the year ending 31-Mar-2022.

“ If the crude oil prices remain stable, we should see balanced and stable growth going forward in the coming year and thereafter. I am directly positive on the metal and commodity space though I would be equally cautious about the unnatural outcome due to the crude oil prices which could possibly shock on the wrong side. So one could probably remain a bit cautious.”

The company had said that it sees positive signs of recovery going forward in the edible oils business for H2FY23, with softening of commodity prices and recent uptick in demand on the back of festivities and weddings.