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Shares of the company were trading a tad higher at Rs 282.95 per share on the NSE. In the previous quarter ended June 2022, Damani held 6,16,379 equity shares in the company or a 0.26% stake.

A total of 20,742 shares changed hands on the counter till 01:29PM (IST)

The stock traded at a P/E multiple of -2532.11, while the price-to-book value ratio stood at 4.71.

The remaining 50% of demand for silver comes as a precious metal for jewellery and investment. Investors treat silver as a hedge against currency depreciation and hence wish to hold it as an investment. Investors can treat silver as part of their core asset allocation as it has historically had a low correlation with equities, and thus adds diversification to the portfolio.

Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 27387.69 Crore).

A total of 15,790 shares changed hands on the counter till 11:57AM (IST).

Concerns over a slowdown in growth globally due to aggressive rate hikes by the US Federal Reserve and other central banks, Omicron, and Russia’s invasion of Ukraine have been the major spoilers of bulls’ party.

"Nestle’s strong positioning in the domestic food market, innovative product portfolio and improving out-of-home consumption with a thrust on improving penetration in key markets is helping it to deliver consistent double-digit revenue growth for the past few quarters.

As of 31-Mar-2022, promoters held 63.99 per cent stake in the company, while FIIs held 15.83 per cent and domestic institutional investors had 1.79 per cent.

The stock quoted a 52-week high price of Rs 115.63 and a 52-week low of Rs 83.0.