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“In infrastructure, we are going through a new capex cycle. In the last cycle it was largely the power sector which had huge capex and was driving the overall capex situation in the country. But this new cycle is more about the private capex where the capex size or size of the projects are much smaller. Equipment companies are likely to benefit much more than the larger EPC companies. ”

ndia Blockchain Forum has been started with a vision to make India a global hub for Blockchain and Web3.0. It shall create community chapters across the country to increase awareness and access to global best practices.India Blockchain Forum envisages a collaboration model with governments, Regulators, Industry and academia to help build a holistic framework for the right adoption of blockchain and web3.0.

The stock traded at a P/E multiple of 38.33, while the price-to-book value ratio stood at 4.96.

"The situation has dramatically turned negative for GAIL in the past few weeks. GAIL’s 2.5 mmtpa (about 15 per cent of its LNG portfolio) contract with Gazprom has run into rough weather due to the ongoing Russia-Ukraine crisis. Rather than being in surplus, it is now significantly short on LT LNG. Thus, the ability to surprise by making large gains on opportunistic sales as such is low," Kotak said.

In the case of ICICI Bank, mutual funds collectively owned 24.40 per cent of the total share capital in the private lender as of July 30, which was worth Rs 1,38,923.44 crore, as per Prime Database. ICICI Bank alone accounted for 6.47 per cent of the total equity asset that mutual funds managed at the end of July, data suggested.

The stock quoted a 52-week high of Rs 5930.7 and a 52-week low of Rs 3365.9.

Jio gained 30 basis points (bps) sequentially, taking its RMS in the fiscal first quarter to 43.3% while Bharti Airtel’s was flattish at 36%, said experts, analysing first quarter revenue numbers of the top private carriers.

A total of 106,266 shares changed hands on the counter till 02:06PM (IST).

Earlier in the year, Zomato had acquired quick commerce company Blinkit (formerly Grofers), for Rs 4,447 crore in an all-stock deal. Zomato shares have lost over half of its value so far in 2022.

The NSE Nifty 50 Index has surged more than 14% from a mid-June low as overseas investors turned buyers after months of withdrawals. That drove the benchmark from levels described by traders as oversold to strongly overbought territory in just 39 sessions, the quickest pace since 2003.