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“In the next two quarters, there could be a marginal decline in the earnings estimate for FY22 or FY23 because of the input price and the commodity price cost which will be on the margin.”

The learning is simple: if you are predictable, people learn to hack you. Markets teach us the same, if we are listening.

Lodha will issue 3.4 crore shares to qualified institutional investors at a floor price of Rs 1184.7 per share, a discount of 7.8 per cent to Monday’s closing price of Rs 1283.45, according to the terms sheet issued by the bankers to the deal.

The Nifty Bank index closed 0.08 per cent down at 38702.35.

In almost the same words used recently by Reserve Bank of India Governor Shaktikanta Das, Nomura said that sticky core inflation is a policy challenge in the coming months.

In the international market, gold trading lower at USD 1,862 per ounce and silver flat at USD 25.18 per ounce.

Pharma, IT and FMCG stocks were in great demand while metals lost their sheen. However, much of the spotlight was stolen by fresh issues that debuted on bourses today.

“Ours is a very asset light model in which through merchants and through mobiles, we are able to connect to millions of customers. We also offer a very unique subscription product on our savings account and current account where the customer has to pay a fixed amount for the year and he continues to get full service throughout the year.”

While buying interest was visible in consumer durables and healthcare stocks, the metals and PSU banks bled.

“We will do the full range of electric vehicles. We have right now launched with the S1 and Pro which are the first in our range of scooters. We are obviously going to do a mass market scooter also. We are also going to do bikes.”