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Major cryptocurrencies, including Bitcoin and Ethereum, were trading in the red on Tuesday. Bitcoin fell by 1.22% to $27,043 while Ethereum was slightly above the $1,800 level. The global cryptocurrency market cap also fell by 1.26% to approximately $1.12tn in the last 24 hours. Other major cryptocurrencies such as Solana, Polkadot, BNB, Polygon and Dogecoin were also trading with cuts. Despite bullish sentiment, the crypto-cautious investors continue to observe from the sidelines.

A total of 5,673 shares changed hands on the counter till 01:22PM (IST)

Karur Vysya Bank, incorporated in the year 1916, is a banking company (having a market cap of Rs 7905.38 Crore).

The stock quoted a 52-week high of Rs 1369.0 and a 52-week low of Rs 1049.1.

The stock traded at a P/E multiple of 57.58, while the price-to-book value ratio stood at 2.34.

The brokerage expects the share price to head towards Rs 300, which is 80% retracement of February–June 2022 correction over the next few months.

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We experienced a remarkable three-fold increase in revenue, generating approximately Rs 780 crore ($95 million) in FY23 compared to Rs 233 crore in the previous year. We anticipate that the company will register a sizable profit for the year, indicating that our revenue growth is likely to translate into a significant increase in profits. We will continue to maintain the momentum of our growth in the future.

I think we are now looking at an environment where inflation is expected to steadily come down over the next 12 months. Our forecast for the inflation is that we will be somewhere close to 5% or a shade below 5% on an average for the rest of this year

Sonata Software, incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 12766.34 Crore) operating in IT Software sector.