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JSPL is the only company in our universe which offers strong volume growth, deleveraging and increase in share of captive raw materials, the brokerage said.

The Nifty Auto index was trading 0.18 per cent up at 10482.2.

Bond markets extended their retreat as investors braced for the Federal Reserve to take an even more aggressive approach to taming inflation. Two-year Treasury yields are up 76 basis points (bps) in March and 10-year yields are up almost 60 bps to 2.4154%, the highest since 2019.

The RBI has allowed SBI Mutual Fund and other entities in the SBI group to together hold up to 9.99 per cent stake in ICICI Bank.

NMDC has crossed 40 million tons of production volumes during March 2022 and is likely to post a strong 23% YoY growth in volumes in FY2022E, said Kotak Institutional Equities.

Aster DM Healthcare key Products/Revenue Segments include Hospital Services, Other Operating Revenue, Pharmaceuticals, Other Services, Consultancy Income for the year ending 31-Mar-2021.

Senior secured bondholders are placed up in the hierarchy for recovery of dues if a company undergoes insolvency proceedings since the bonds are backed by collateral. Most Indian lenders are also secured creditors.

Fed policymaker forecasts released last week signaled most saw the policy rate rising to 1.9% or higher by the end of the year.

Analysts said there was a spike in shareholder participation in the buyback following the weakening of the share price. The stock had fallen as much as 15% from its 52-week high of ₹4,045.50 on January 18. It has, however, recovered some of its losses.

According to Morgan Stanley, the current inflationary cycle could last longer than the previous two cycles and the steep price hikes could hurt the volume growth mix. The surge in crude oil prices to multi-year highs are further adding to the pain, it said.