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In 2019-20 fiscal, the insurance behemoth, which is set for an IPO, paid Rs 2,610.75 crore as dividend to the government from profits pertaining to FY 2018-19

TVS Motor Company on Monday said its consolidated net profit declined 18.34 per cent to Rs 236.56 crore for the third quarter ended December 2021 on account of lower two-wheeler sales. The company had reported a consolidated net profit of Rs 289.

At the interbank foreign exchange, the rupee opened at 74.65 against the American dollar, and later witnessed an intra-day high of 74.57 and a low of 74.80 against the greenback.

“Q3 EBITDA number at around Rs 14,900 crore beat our estimates by almost Rs 150 odd crore.”

The formation could be considered as a constructive setup, said Osho Krishan of Angel One. Krishan, however, believes that the lack of leadership from the key sectors (IT and bank) is a matter of concern

Nykaa has faced massive selloff off late as Street dumped shares of richly valued new-age companies against the backdrop of Fed rate hikes, although many analysts suggested that the fall offered a lucrative entry point for long-term investors.

"Selling pressure from FPIs was countered by bargain hunting by domestic investors. European shares were also up over ECB President’s comments stating that there are lower chances of a measurable tightening of monetary policy, which helped in comforting global investors," said Vinod Nair of Geojit Financial Services.

“Over the next three years India should be one of the best performing markets. We are advising our clients to keep investing into the market, not get too perturbed about the short-term volatility and have a view which is slightly more medium to longer term. From that prism, Indian equities look very attractive, ” says Pankaj Murarka.

In the international market, gold was trading marginally lower at USD 1,819 per ounce and silver was flat at USD 22.85 per ounce.

Aditya Birla Capital Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 28499.07 Crore) operating in NBFC sector.