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Kajaria Ceramics Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 14900.70 Crore) operating in Building Materials sector.

The stock of the food delivery giant has slumped about 25 per cent since Monday after the company acquired the quick commerce delivery firm Blinkit for Rs 4,447.5 crore in an all-stock deal. Currently, shares of Zomato are 28 per cent below the issue price of Rs 76, whereas the counter has taken a big hit of 67 per cent from its 52-week high of Rs 169.10 hit in November 2021.

“ It has not been a protracted two-year bear market in India that we had in the US. We will be back into a recovering market as we finish the third quarter and there is a good chance that indices may end up finishing the year closer to flat rather than down significantly as they are at the moment.”

As of 31-Mar-2022, promoters held 48.76 per cent stake in the company, while FIIs held 20.83 per cent and domestic institutional investors had 10.09 per cent.

As interest rates rise in the cost of capital will increase and the froth in stocks will correct even more. We have already seen central banks across the world taking measures to curb inflation by tightening the money supply.

"Historically, most of the time, the second half of the year remains bullish for the equity markets. Most of the negativity is already discounted and levels are becoming attractive, especially in many largecap stocks," said Punit Patni, Equity Research Analyst, Swastika Investmart.

The board will also consider and approve another proposal for sanction of a Rupee Term Loan of up to Rs 5,000 crore from Commercial Bank to meet capital expenditure requirements..

The company has a strong pipeline of Rs 1.24 lakh crore worth of orders in manufacturing for the next three to four years led by LUH, LCH and engines for Su-30 & MiG-29. HAL’s FY22 closing order book was at Rs 82,513 crore. The company received orders worth Rs 76,306 crore in the last two financial years, of which over 50 per cent i.e. Rs 40,263 crore orders were from the manufacturing segment.

The brokerage is expecting pressure on earnings in H1FY23 given the increased pet coke prices and subdued cement realisations. International coal prices have remained elevated and are expected to remain higher for a longer period, Nirmal Bang said.

Ceat Ltd. key Products/Revenue Segments include Automobile Tubes, Other Operating Revenue, Scrap, Royalty Income, Others for the year ending 31-Mar-2022.