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Despite the continued pressure posed by higher raw material prices (Yarn) on Apparel retailers, gross/EBITDA margin saw a YoY improvement in Q4 as companies raised prices by 5-10% across categories to pass on the increase in input cost.

Global crude oil prices continue to remain high. With Europe imposing a further ban on Russian supplies, crude oil prices may continue to remain elevated in the near term. A surge in other global commodity prices has also impacted domestic food prices with food inflation for May coming in at 7.8 per cent.

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.

The initial share sale comprises a fresh issue of equity shares aggregating up to Rs 450 crore, with a face value of Rs 5 each and an offer-for-sale (OFS) of up to 11,210,659 equity shares by existing shareholders.

Bitcoin fell below $20,000 on June 18 for the first time since December 2020. It has plummeted around 60% this year. The overall crypto market has slumped to around $900 billion, down from a record $3 trillion in November.

A total of 13,561 shares changed hands on the counter till 01:34PM (IST).

"The (palm oil) contract is having a bear run on the back of renewed China lockdowns, which could lead to lower demand, as well as Indonesia ramping up exports to clear overflow of palm oil reserves," a Kuala Lumpur-based trader told Reuters.

The stock quoted a 52-week high price of Rs 724.5 and low of Rs 430.0.

Miners rebounded 1.6% after touching December 2021 lows in the previous session, while oil & gas stocks rose 1.2% as crude prices rose almost 1% on tight supplies of crude and fuel products.

The Nikkei stock average ended the day up 1.84% at 26,246.31, after gaining as much as 2.5% during the session. At the start of the week, the benchmark index had dipped to a low of 25,520.23 for the first time since March 16.