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A total of 91,456 shares changed hands on the counter till 10:30AM (IST).

“2021 turned out to be an easier year to make money than what at least I thought it would be because a lot of stocks went up and valuations went through the roof. The next one year might not be so easy.”

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities said gold trades higher supported by a drop in US bond yields as Fed decided to take a gradual approach on monetary tightening while inflation concerns also supported the yellow metal.

While the biggest cryptocurrency trades strong, its market dominance has been dipping as investors shift to altcoins, said CoinDCX Research Team.

The stock quoted a 52-week high price of Rs 2306.15 and a 52-week low of Rs 1327.95.

Shares of cigarette companies are already under pressure since the announcement of the panel on cigarette taxes. For ITC, which had only recently started participating in the ongoing bull market, higher taxes are bad news as it could lead to a loss in volumes as well as market share to illegal cigarettes.

The Nifty Pharma index was trading 1.7 per cent down at 13711.1.

Promoters held 25.58 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 53.67 per cent and 6.28 per cent, respectively.

“We started recognising stress early and as and when we see the stress, we provide for it. We do not wait for the repayment records to trigger the provisioning.”

Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 21246.30 Crore).