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For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 3326.03 crore, down 22.26 per cent from last quarter total income of Rs 4278.17 crore and up 30.86 per cent from last year same quarter total income of Rs 2541.71 crore.

“The last several years has been largely retail-led credit growth but we expect the corporate credit growth to pick up. Anyway with higher inflation levels working, capital requirements are also going up. We are fairly positive on lenders as rising interest rates would be positive for their NIMs, at least in the initial part of the rate cycle. Financials is definitely a good space.”

UPL Ltd. key Products/Revenue Segments include Agrochemicals, Export Incentives, Sale of services, Other Operating Revenue, Royalty Income for the year ending 31-Mar-2022.

On Thursday, the local unit had suffered its biggest single session percentage decline since February, due to lack of aggressive intervention by the Reserve Bank of India (RBI) and a very U.S. hawkish Federal Reserve rate outlook, traders said.

“We should be careful about companies with global linkages and also commodities companies. There are companies like Motherson Sumi which have done huge acquisitions in Europe, they have stretched balance sheets and they could come under pressure. But domestic auto companies will still do well. Where companies have significant global linkages and also leveraged balance sheets, we need to be more careful.”

Hindustan Aeronautics Ltd., incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 83180.56 Crore) operating in Defence sector.

The euro, Aussie and kiwi were likewise languishing near fresh lows on Friday in the face of a surging greenback, which has received a boost from a very hawkish Federal Reserve and rising Treasury yields that kept the dollar in demand.

The board of Tata Steel has approved the amalgamation of 7 of its subsidiaries - Tata Steel Long Products, Tata Metaliks, The Tinplate Company of India, TRF, Indian Steel & Wire Products, Tata Steel Mining and S&T Mining into and with its parent company Tata Steel.

As long as the stock is above Rs 335, the uptrend wave is likely to continue. A close above Rs 335 could take the stock towards Rs 355-360. Traders may prefer to exit from trading long positions on a close below Rs 335.

Mahindra is in early talks with global green funds and private equity firms, the person said, adding that it wants a long-term investor who can help build out its EV business. Some investors, however, in recent months have shown interest in participating in a funding round of worth around $800 million, two banking industry sources said, adding that they have held talks with the company about such offers.