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"Escorts’ stock price has grown at 19 per cent CAGR over the last five years from Rs 650 in May 2017, vastly outperforming the Nifty Auto Index. We retain hold rating on Escorts amid muted tractor growth prospects over FY22-24 and await contours of medium-term business growth plan constructed by Escort and the new co-promoter Kubota," ICICIdirect said in a recent report.

Revenue from operations rose to Rs 26,968.21 crore from Rs 15,549.07 crore in January-March 2021.For the full fiscal ending March 31, the company reported its highest ever net profit of Rs 10,363.97 crore, against Rs 4,890.18 crore in the previous year.

“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.