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The Nifty IT index closed 0.9 per cent down at 30043.9.

TVS Motors registered total two-wheeler sales of 8.36 lakh units in December 2022 quarter against 8.35 lakh units in the year-ago quarter. Two-wheeler export sales were registered at 2.07 lakh units against 2.53 lakh units in December 2021.

The EBITDA was the highest ever, surpassing the record set in the previous quarter, the company said in a release. The strong growth in the EBITDA and profitability was led by judicious pricing, better dollar realisation and a richer product mix, it said.

The company had reported a net profit of Rs 295 crore in October-December period last fiscal year. Total income declined to Rs 6,631 crore in the period under review as against Rs 8,917 crore in the year-ago quarter, the company said.

Marquee investor Dolly Khanna likely exited six stocks during the December quarter, suggests the latest shareholding filings. as her stake fell to below 1% in these companies.

On the asset quality front, the bank recorded an improvement with gross NPAs (Non-Performing Assets) declining to 6.53 per cent of gross advances as compared to 9.13 per cent at the end of the third quarter of 2021-22.

The Nifty Realty index closed 1.83 per cent down at 412.75.

ETMarkets.com found eight stocks where FIIs and MFs both have consistently increased their stake in the first three-quarters of FY23 (June 2022- December 2022). We considered only those stocks that have a market cap of Rs 5000 crore.

A total of 859,712 shares changed hands on the counter till 02:09PM (IST).

The dismal numbers from the drugmaker weighed on the stock, which extended the day’s losses and hit an over 4-month low of Rs 1,021. The shares were trading 3.2% lower on the National Stock Exchange at Rs 1,028.45.