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“Going forward, we expect the volume growth and also the earnings growth to improve simply because in terms of input costs, we are expecting the softening to continue year-on-year. We continue to deliver both sequential and year-on-year gross margin improvement. Therefore the trends will continue for a couple of quarters going into FY24.”

The company is also the custodian for institutional investors with forward looking services designed and customised to equip mutual fund houses, foreign portfolio investors, institutional investors, family offices, HNIs across segments to efficiently manage their operations.

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Updated at : 2023-02-06 16:20:04

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India’s weighting in MSCI’s emerging-market benchmark has dropped after the brutal selloff in Adani Group’s stocks. >> For more such web stories click on the ET icon below

The Securities and Exchange Board of India (Sebi) has made the suggestions through five consultation papers and sought comments from the public till February 18 on these proposals aimed at making the AIFs more investor friendly.

From the Sensex pack, Tata Steel and Infosys were the top losers, falling over 2%, Infosys, Kotak Bank, M&M, Tata Motors, ICICI Bank, UltraTech Cement and Reliance also ended with losses

SBI on Friday reported a 68.5% YoY increase in net profit for the quarter ended December 2022 to Rs 14,205.34 crore. >> For more such web stories click on the ET icon below

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The Relative Strength Index of the stock stood at 55.28 on Monday.

“I have been guiding in all our investor calls that margin will be in that 30% ballpark. As I said in the last quarter, given that we have a lot of dollar exposure on our raw materials, we saw some price hikes from our vendors but we were able to pass them through into the market to maintain the price at the margin.”

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A total of 1,335,761 shares changed hands on the counter till 02:08PM (IST)

SRF stock price up 0.1 per cent as Sensex slides

Updated at : 2023-02-06 14:20:03

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As of 31-Dec-2022, promoters held 50.73 per cent stake in the company, while FIIs held 19.21 per cent and domestic institutional investors had 9.18 per cent.

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