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The stock traded at a P/E multiple of 55.98, while the price-to-book value ratio stood at 16.38.

“With an exception or two, the view for metals is neutral to slightly negative.”

As of 31-Dec-2021, promoters held 29.33 per cent stake in the company, while FIIs held 52.41 per cent and domestic institutional investors had 6.64 per cent.

Crypto bill has not been included for the Budget session 2022. That said, Lok Sabha on Wednesday organised a lecture on understanding cryptocurrency and its impact on the Indian Economy for the members of Parliament in a hybrid mode.

A total of 24,224 shares changed hands on the counter till time (IST).

“We have adequate provisioning and hopefully with the passage of time, we will see further reduction in stage two and stage three loans and that would mean that there would be more ease for more reduction in the level of provisioning going forward.”

On the technical charts, the RSI of the stock stood at 48.23.

The Reserve Bank of Australia said it had "a rare opportunity" to reach full employment with the unemployment rate expected to fall under 4% for the first time in half a century and that justified its accommodative stance.

“The borrowing estimate is a tad above market expectations and above consensus expectations as well.”

With central banks in advanced economies increasingly moving towards tighter monetary policy, the ongoing spate of FII selling pressure in Indian equities could exacerbate, especially if the RBI were not to signal concrete steps to normalize ultra-loose pandemic-era policies, dealers said.