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The Indian equity market would find reason for cheer if the government were to rein in its fiscal deficit target at 6.25 per cent of GDP in 2022-23 (Apr-Mar), according to the median of an ETMarkets poll

The allotment is being made as per the share exchange ratio provided in the scheme of amalgamation as approved by the National Company Law Tribunal (NCLT), Mumbai Bench, the company said in a regulatory filing.

A total of 450 shares changed hands on the counter till 11:26AM (IST).

As per the latest corporate shareholdings, Ashish Kacholia publicly holds 31 stocks with a net worth of over Rs 1,939.8 crore, the data from Trendlyne suggested.

The Relative Strength Index of the stock stood at 58.68 on Friday.

"Equities are slightly down on Friday but will get bought on dips. European currencies are generally up against the dollar, but the dollar index should find support near to 94.50 for a rally back to 97.00 as most US FED officials are favouring a rate hike in March itself," said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors.

Tata Motors Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 169252.69 Crore) operating in Auto sector.

The stock traded at a P/E multiple of 53.74, while the price-to-book value ratio stood at 1.22.

Kamath said market returns will be more sensitive to aspects of cyclicity and seasonality, unlike recent times

As of 30-Sep-2021, promoters held 51.57 per cent stake in the company, while FIIs held 17.88 per cent and domestic institutional investors had 18.21 per cent.