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“Any potential adverse regulation on real-money gaming (RMG) would not only reduce competitive intensity but also increase scarcity value for Nazara - this would make us more constructive on the business’ outlook and on the stock,”On the positive side, JM Financial said Nazara, has morphed into a diversified gaming company with presence across eSports, gamified learning, simulation as well as real money games.

TTK Prestige Ltd., incorporated in the year 1955, is a Mid Cap company (having a market cap of Rs 10959.52 Crore) operating in Consumer Durables sector.

The stock traded at a P/E multiple of 93.94, while the price-to-book value ratio stood at 7.87.

Chirag Parekh, Chairman & Managing Director, Acrysil, said: We are pleased that IKEA has doubled their requirement of Composite Quartz Kitchen Sinks by adding new moulds following the success of the ongoing business, for their global supply

Analysts said a fall in crude oil prices alleviated concerns about imported inflation. "Commodity prices are lower, especially oil, and that is relatively good for India as it is largely an importer. This could positively impact domestic inflation," said Narendra Solanki, head of research at Anand Rathi Investment Services.

Ace investor Rakesh Jhunjhunwala and his wife Rekha owned a total 2.12 per cent stake in IHCL as of March 31, which is valued at Rs 667 crore as of Thursday’s trade.

The stock quoted a 52-week high of Rs 87579.85 and a 52-week low of Rs 62944.5.

“Only three things work in the market; growth, growth and growth. That is all. We are chasing that and at this point of time, growth is available at reasonable valuation. It is a simple mantra one can follow and one cannot go wrong over there. ”

As of 31-Mar-2022, promoters held 51.09 per cent stake in the company, while FIIs held 12.06 per cent and domestic institutional investors had 3.58 per cent.

A total of 5,643 shares changed hands on the counter till time (IST).