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"LIC needs to stop some of the low margin single premium products and start growing in the high margin products. These single premium policies continue or rather have come back with a vengeance in this quarter. That is one part which would be okay if the continuation of what LIC has always been doing over the last 10-20 years does not change there."

As of 31-Mar-2022, promoters held 51.32 per cent stake in the company, while FIIs held 16.35 per cent and domestic institutional investors had 4.04 per cent.

The company in a release said revenue from operations stood at Rs 1,652 crore in the March quarter of FY22 as compared to Rs 1,504.30 crore in the same quarter a year earlier, PTI reported.Varroc’s scrip fell to a low of Rs 348.80 as against Rs 363.65 at the previous close on the BSE.

The partially convertible rupee was last trading at 77.6470/$1 as against 77.5375/$1 at the previous close. The Indian currency, which opened at 77.5210/$1, traded in a band of 77.5210-77.6760/$1 so far in the day.

The Relative Strength Index of the stock stood at 51.26 on Tuesday.

As of 31-Mar-2022, promoters held 63.99 per cent stake in the company, while FIIs held 16.07 per cent and domestic institutional investors had 1.83 per cent.

“The biggest contribution to my mind is that we addressed the nuts and bolts of the macroeconomic framework. So, whether it is through the smart use of technology and determination to pursue their goals, we saw digitisation, the insolvency and bankruptcy code, GST and all of this has made possible things like Jan Dhan Yojana and Direct Benefit Transfers as well as faceless assessment of taxation. They created a framework on which we can build for the future.”

A total of 203 shares changed hands on the counter till 11:16AM (IST).

Karnataka Bank Ltd., incorporated in the year 1924, is a banking company (having a market cap of Rs 2038.12 Crore).

Promoters held 29.33 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 50.81 per cent and 5.94 per cent, respectively.