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Elgi Equipments reported a 19.17 per cent growth in revenue for Q4FY22 quarter on a consolidated basis at Rs 727.61 crore. On a sequential basis, revenues were higher for the quarter by 10.98 per cent.

Union Bank of India, incorporated in the year 1919, is a banking company (having a market cap of Rs 25220.22 Crore).

A total of 16,861 shares changed hands on the counter till 11:21AM (IST).

“In this market export-led companies will do relatively better, especially companies which are services companies and are less impacted by raw material input cost. So IT, pharma, chemicals companies will have relatively less or no earnings cuts at all. On the other hand, companies where the input cost is very high, like in automobiles, valuations have come off.”

As per data available with Accord Fintech, as many as 261 stocks have turned multibaggers in the last eight years and 31 have delivered over 1,000 per cent returns. At the same time, there are 19 stocks that have plunged 50-90 per cent.

On Eicher Motors, CLSA has a target of Rs 3,089. Eicher Motors is its top pick in the two-wheeler segment, as domestic demand for Royal Enfield is strong with improving production numbers. Pricing is strong and demand is returning, it said, adding that operating leverage will drive a margin recovery in the VECV business.

“Holcim was a willing partner losing market share to UltraTech and Shree Cement. But that is unlikely to happen now and Adani is going to grow the business quite aggressively. But it will still be a wait and watch because we have historically seen that volumes do not really matter that much, as do EBITDA margins.”

ACC climbed 4.6 per cent to Rs 2,212. Ambuja Cements added 2.3 per cent to 366.80.

The global cryptocurrency market cap was trading sharply higher at the $1.31 trillion mark, rising close to 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped about 10 per cent to $78.40 billion.

The company, which makes Royal Enfield Motorcycles, had reported a net profit after tax of Rs 526 crore in January-March quarter of the 2020-21 fiscal.