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“Indian stocks have underperformed massively compared to global peers and so it is not as much a worry on the global commodity price cycle as it is a worry on what policy makers over here do and how does it impact earnings and in the backdrop of ownership, which was relatively high.”

The guidelines relating to basic eligibility criteria, viz., net-owned funds (NOF) requirement and targets, remain largely unchanged. The consolidated operational guidelines for PDs issued in 2005 are updated from time to time.There are 21 PDs including 14 backed by banks and seven other standalone bond houses.

A total of 148,002 shares changed hands on the counter till 02:10PM (IST)

Taking a dig at wealth advisors at the annual general meeting of Berkshire Hathaway, Buffett said that if they told everybody what a simple game of investing was, 90 per cent of the income of the people that were speaking would disappear.

Worried over the continuous uptick in inflation, which remained above the RBI’s tolerance range for four months, it hiked policy rates by 40 basis points earlier this month after an unscheduled meeting.

A total of 98,698 shares changed hands on the counter till 01:14PM (IST).

Total income for the quarter under review was at Rs 1,396.72 crore, as against Rs 1,461.44 crore registered in corresponding quarter last fiscal.

At the interbank foreign exchange, the rupee opened at 77.60 against the American dollar and then inched up to quote at 77.59, registering a rise of just 2 paise over the previous close. It was moving in a close range of 77.59 to 77.61 in early deals.

Fuel prices rose 20% on Friday, causing long lines to form at filling stations as the news spread. The new price of petrol will be 179.86 rupee per litre and diesel will be 174.15 rupee.

M M Forgings Ltd., incorporated in the year 1946, is a Small Cap company (having a market cap of Rs 1906.16 Crore) operating in Auto Ancillaries sector.