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Revenue from operations came in at Rs 1540.9 crore, up 88.99 per cent against Rs 815.3 crore it recorded in the same quarter year ago.

Fresh sales for the quarter declined 27% from a year ago to Rs 150 crore, while collections grew 20% to Rs 160 crore. The developer’s fresh sales for the quarter were aided by traction for luxury villas at its existing project in Ahmedabad.

Data on outward remittances for resident individuals under the RBI’s liberalised remittance scheme showed that investment in equity and debt was at $104.51 million in March, 2022, up 73 per cent from $60.39 million a month ago, data in the central bank’s May 2021 Bulletin showed.

As per an individual’s risk appetite as well as any constraints, then one could also look to maximize Sharpe Ratio if feasible. Having decided on the SAA, one should then identify individual securities in each asset class on a purely bottom-up basis using fundamental analysis.

The company also incurred expenses of Rs 120 crore during the quarter for changes in inventories of finished goods, work-in-progress and stock-in-trade.

Revenue from operations grew 150 per cent to Rs 161 crore in the quarter under review from Rs 64.5 crore in the corresponding period of the previous year

The Dow Jones Industrial Average rose 173.81 points, or 0.56%, at the open to 31,426.94.

LIC stock has fallen 13 per cent from its issue price of Rs 949 to Rs 826. In that process, shareholders of the company have lost over Rs 77,000 crore of their wealth. The company also lost its place as the fifth largest company as well as its market cap fell below HUL.

The steep decline of May 19 was arrested near the swing low of 15,735, said Gaurav Ratnaparkhi of Sharekhan, who added that the March low of 15,671 offered additional support on the downside.

Silver also rallied Rs 585 to Rs 61,657 per kg from Rs 61,072 per kg in the previous trade.In the international market, gold was trading higher at USD 1,845