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The benchmark Nikkei 225 index gained 0.94 percent, or 251.45 points, to end at 26,911.20, while the broader Topix index climbed 0.96 percent, or 17.98 points, to 1,884.69

As D-Street seems to be caught in a perfect storm, uncertainty and volatility will likely prevail in the near term, spelling tougher times for new investors facing a correction of such magnitude for the first time. Market experts suggest that this kind of volatility was expected and one should stay invested in the market.

Promoters held 58.69 per cent stake in the company as of 31-Mar-2022, while FIIs owned 1.15 per cent, DIIs 18.28 per cent.

Century Plyboards (India), incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 11892.92 crore) operating in Building Materials sector.

As of March 31, Patanjai Ayurved held a 39.37 per cent stake in Ruchi Soya. Acharya Balkrishna, one of the promoters and chairman of Ruchi Soya, holds 98.5 per cent of the paid up equity share capital of Patanjali Ayurved.

Dr Lal faces a tough FY23 as Covid ebbs away from revenues even as base quarters had a significant proportion of Covid sales.

The oil marketing company said its consolidated net profit for the quarter ended March stood at Rs 6,645.72 crore, down 26.37 per cent from Rs 9,026.49 crore in the same quarter last year.

Ahead of the IPO, the company garnered Rs 141.69 crore from nine anchor investors. The company informed the exchanges that it has allocated 16,13,725 shares at Rs 878 per share on Tuesday, May 17, 2022, to anchor investors.

The company has reserved 50 per cent of the net offer for qualified institutional buyers (QIBs), whereas non-institutional buyers (NIIs) will get 15 per cent allocation. The remaining 35 per cent shares will be given to the retail bidders.

“It is tough to be overly bullish at this point in time. The risks are more skewed to the downside in the short term. The structural long-term India story still remains intact. Probably the capex cycle will kick off in earnest in the next six to 12 months. Overall, the longer term story is still good but in terms of absolute valuation and relative valuations, we are not there yet.”