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Relaxo Footwears Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 25538.57 Crore) operating in Leather sector.

Revenue from operations rose to Rs 810 crore for the fourth quarter compared to Rs 744 crore in the year-ago period, GlaxoSmithKline Pharmaceuticals said in a regulatory filing.

The Relative Strength Index of the stock stood at 42.2 on Tuesday.

“Instead of calling it a correction in a bull market, it is best if we say it is a bear market and it will end in a few months because the duration of the bear market does not go on for years. Even if we look at 2008, we can say that it started in January 2008 but ended in March 2009.”

"Any positive change in the global headlines and/or global markets will bring back the confidence in domestic markets, particularly after seeing the Q4 and FY22 Indian companies declared results and hearing the management commentary from corporate in the last few weeks gives a fair sense that all is well in the Indian economy."

As of 31-Mar-2022, promoters held 60.51 per cent stake in the company, while FIIs held 11.28 per cent and domestic institutional investors had 0.86 per cent.

For the uninitiated, bond prices fall when interest rates go up. Thus, in the scenario of interest rates going up, a short position in the bond markets provides attractive money-making opportunities. The current consensus believes that the market will see persistent inflation moving forward, which in turn, will impact the economic growth rates around the world.

The S&P 500 is now down nearly 16% for the year to date, while the Russell 1000 Growth index, which is more focused on technology companies, is down nearly 25% over the same period.

Bharti Airtel, Indian Oil , DLF, PI Industries, Abbott India, GMR Infra, Dr Lal Pathlabs, Kajaria Ceramics, IRB Infra, Zydus Wellness, EID Parry, Jubiant Ingrevia, Sapphire Foods and Minda Corp are among the companies which will announce their earnings today.

Shares of Great Eastern Shipping Company will go ex-dividend today. The company had announced an interim dividend of Rs 5.40 per share.