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A total of 461,816 shares changed hands on the counter till 01:57PM (IST)

Promoters held 38.4 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 36.37 per cent and 11.04 per cent, respectively.

“I would expect very strong numbers and even the guidance being stronger given that GRMs are near a seven-year high. Secondly, their petchem margins will get compensated because of their gas division. All in all, Reliance numbers should beat or meet the Street estimates for today.”

The company said its net premium income rose 27.79 per cent year-on-year (YoY) to Rs 12,124 crore from Rs 9,487 crore in the same quarter a year ago.

Bitcoin has breached the $39,000 level, dropping more than 11 per cent from its peak. Its counterpart Ethereum tanked 14 per cent to test $2,800 levels. The pain in altcoins has been more severe as BNB, Cardano, Polkadot have tanked up to 18 per cent in the last 24 hours, the data from Coinmarketcap shows.

The blue-chip CSI300 index was down 0.92 per cent, with its financial sector sub-index lower by 0.56 per cent, the real estate index down 0.97 per cent and the healthcare sub-index down 2.43 per cent.

Shareholding pattern for this company released on Thursday suggested Agrawal held 7,50,000 shares, or 3.46 per cent stake, in Pearl Global Industries at the end of December quarter

Promoters held 0.0 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 25.07 per cent and 12.68 per cent, respectively.

The stock touched a low of Rs 1,282.10 as against the previous close of Rs 1,310.30 on the National Stock Exchange.

Rallis India has been facing headwinds due to a limited supply of raw materials along with higher logistic costs, said analysts, adding that a sharp increase in input costs is likely to keep margins under pressure.