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“Wherever valuations are so high that they are tough to justify, we will see a bigger cut. Also, these stocks are over owned. Asian Paints even after the fall trades at 100 times current year earnings!”

The other assumption that the market may be making with regards to Avenue Supermarts is that the company will clock sales of Rs 70 lakh crore, operating profit of Rs 5.3 lakh crore and a net profit of Rs 4 lakh crore by 2050 to justify current valuations.

Kajaria Ceramics Ltd. key Products/Revenue Segments include Tiles, Other Operating Revenue and Power for the year ending 31-Mar-2021.

The Nifty IT index was trading 0.39 per cent up at 36054.15.

Gold inched higher and was poised for a second weekly gain on Friday, as a softer dollar provided some respite against higher U.S. bond yields and rising expectations that central banks could begin easing economic support. Spot gold rose 0.1% to $1,785.00 per ounce by 0216 GMT. U.S. gold futures edged 0.2% higher to $1,786.00.

Tech stocks climbed in Asia on Friday, following U.S. peers higher, while Chinese property stocks rallied following a surprise interest payment by debt-ridden property developer China Evergrande Group. Meanwhile cyclical stocks dragged amid worries that central bankers will need to tighten monetary policy into slowing growth in order to tackle persistent inflation.

Thyrocare Technologies Ltd., incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 6215.12 Crore) operating in Hospitals & Allied Services sector.

In a double win for Amazon, the Singapore International Arbitration Centre (SIAC) has rejected Future Retail’s (FRL’s) plea to lift the interim stay on its Rs 24,700-crore asset sale to Reliance Retail, the retail arm of the Mukesh Ambani-led conglomerate Reliance Industries, said a

Sebi has warned investment advisers from helping clients invest in digital gold instruments since these are not regulated by it. In early August this year, the stock exchanges had warned brokers not to deal in digital gold.

In August, it had decided to raise up to Rs 3,000 crore through a rights offering. But, on Thursday, it modified its capital-increase programme and now will raise Rs 2,000 crore via a rights issue and another Rs 2,000 crore through a qualified institutional placement (QIP).