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Its revenue from operations, however, increased 10 per cent to Rs 5,707 crore against Rs 5,195 crore in the third quarter of FY21, Apollo Tyres said in a statement.

The stock quoted a 52-week high price of Rs 674.55 and a 52-week low of Rs 438.0.

Yields of short-term U.S. government debt have been rising fast this year reflecting expectations of a series of rate hikes by the U.S. Federal Reserve, while longer-dated government bond yields have moved at a slower pace amid concerns that policy tightening may hurt the economy.

Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 82420.76 Crore) operating in Gas & Petroleum sector.

The government has further increased budgetary allocation for vaccination program, which will help companies such as Serum Institute, Dr Reddy’s, Gland Pharma, and others. Moreover, there is increased support for the Ayushman Bharat program, which will help healthcare companies going forward.

In the spot market, the highest purity gold was sold at Rs 48,085 per 10 grams while silver was priced at Rs 61,430 per kg on Wednesday, according to the Indian Bullion and Jewellers Association.

Among Sensex names, Bajaj Finance declined 1.47 per cent to Rs 7,140. HDFC dropped 1.45 per cent to Rs 2,574. Infosys, Tech Mahindra, HCL Tech and Bajaj Finserv shed over 1 per cent each.

Promoters held 74.36 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 16.46 per cent and 2.63 per cent, respectively.

"Our most important task is tackling inflation," Michigan State University economics professor Lisa Cook, one of three Fed nominees up for a confirmation hearing at the U.S. Senate on Thursday, said in her prepared remarks.

The stock traded at a P/E multiple of -3808.63, while the price-to-book value ratio stood at 4.24.