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"I still believe that maybe in September, October and December, maybe in the last quarter of the calendar year, we might see much bigger rallies from the global markets because this fall was driven by the inflation fear and if the inflation fear subsides by then, then one can expect some sort of recovery happening globally. That is our big call. We are extremely bearish from a long term perspective for developed market, less for emerging market and less for India."

As of 31-Mar-2022, promoters held 50.0 per cent stake in the company, while FIIs held 33.6 per cent and domestic institutional investors had 3.16 per cent.

Economists forecast the BoE will hike borrowing costs by a quarter-point to 1.25 percent, the highest since the global financial crisis in 2009.Richard Hunter, head of markets at Interactive Investor, said both the BoE and Fed were battling runaway inflation -- and hoped their economies would withstand rising borrowing costs.

A total of 254,452 shares changed hands on the counter till 02:10PM (IST)

"It is this dynamic between what the Fed is doing, what the dollar is doing and what commodity prices are doing – a sort of cocktail – that is negative for India right now. But we are also tracking bottom-up the declining earnings estimates revisions. So, whilst it is not an outright underweight for us India, it definitely is a market that we are relatively cautious on."

“India is at almost 40% premium to overall emerging markets and that is slightly higher than the average. The average is around 25%. It is somewhat concerning in the context of negative earnings revisions, We would rather see it flat on the historical average before we get more constructive on India.”

On the technical charts, the 200-day moving average of the stock stood at Rs 1712.55.

It further added that the stable tax environment for cigarettes in recent years has allowed ITC to calibrate price increases to avoid a disruption in demand and this trend is likely to continue and should result in improved cigarette volumes and earnings visibility over the medium-term.

SRF Ltd., incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 67795.93 Crore) operating in Diversified sector.

Dredging corporation of India is aiming at their highest ever turnover of Rs 1000 crore for the financial year after the extension of the contract by JNPT.