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"RBI may protect the level of 80 for some more time before it can allow a break of the same. The trade deficit is very high for the rupee to sustain while importers/ debt companies will keep buying dollars to pay off their payables," said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors.

“I do believe that we will hit the billion-dollar run rate between quarter two and quarter three of this year, we had guided that last September and maintained that. Lastly, we had said $1.5 billion by one of the quarters in FY25, and we are retaining that as well.”

The stock quoted a 52-week high price of Rs 2773.0 and low of Rs 1514.82.

The Relative Strength Index of the stock stood at 61.44 on Monday.

Our trade deficit this fiscal is tracking 8 per cent of GDP on account of higher crude prices (India imports 85 per cent of its crude oil requirement). Our trade deficit is usually around 5-5.5 per cent of GDP.

“Our liability franchise is very retail in nature and our CASA has been growing quite steadily. The NIM expectation for FY23 is expected along similar lines. We closed Q1 at about 3.22%. We believe another 5 bps will be the improvement that we can see in the rest of the financial year. I am not getting into particularly on Q3, but at the end of the year, we expect the full year average NIM to be around 3.25% or so.”

The stock quoted a 52-week high price of Rs 3013.0 and a 52-week low of Rs 1561.0.

Data showed Vijay Kishanlal Kedia held 20,75,000 shares or a 1.85 per cent stake in the company as of June 30, up from 13.39,713 shares or 1.19 per cent stake in the previous quarter.

“If you look at the long only fund in India, we have basically bought 15% in IT and 85% has gone into financials and consumer. Our top three holdings are all banks and that is the safest because it never got rerated a lot and it is very good in itself and it has taken the brunt of the FII selling.”

Om Infra informed the exchanges that it has in a joint venture received a Letter of Acceptance from BMC for the work of designing, building, operating and maintaining Bhandup Wastewater Treatment Facility under Mumbai Sewage Disposal Project-Stage-II “Priority Works”.