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“Whatever the windfall profits that the company has been making out of an exceptional situation, if some part of that particular profit is taxed, it does not take away the larger part of Reliance’s growth story. Though the market is reasonably reactive to negative news, I do not think the investor should be worry about that part because the business condition remains extremely buoyant for Reliance.”

The Nikkei share average fell 1.73% to 25,935.62, its lowest finish since June 20, after rising as much as 0.5% earlier in the day. For the week, the index fell 2.1%.The broader Topix lost 1.38% to 1,845.04 and posted a 1.1% weekly loss.

It is okay not to know because the world is unpredictable. So why should we act as if we can predict the future? We are not astrologers and even astrologers go wrong, so why should I behave as if I know everything about the future,” he told ETMarkets in an interview

The Relative Strength Index of the stock stood at 64.66 on Friday.

Stocks and equity futures from Japan to the US tumbled, extending their historic first-half rout, while every Group-of-10 currency fell against havens, the dollar and the yen. Commodities retreated while global bonds continued their late-June rally.

A total of 5,828 shares changed hands on the counter till 11:47AM (IST).

Promoters held 27.5 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 15.54 per cent and 5.98 per cent, respectively.

Gold futures on MCX were trading sharply higher, gaining 0.72 per cent or Rs 362 at Rs 50,879 per 10 grams. However, silver futures traded lower, down by 0.71 per cent or Rs 42 at Rs 58,467 per kg.

Lemon Tree Hotels Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 4793.09 Crore) operating in Tourism & Hospitality sector.

“We see an opportunity to create a Rs 25,000-30,000 crore company and we will get there; the question is how fast can we get there and how can we get there while being very prudent about the capital we have raised and get the profitability? That is what we are going to try.”