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Revenue from operations stood at Rs 285.39 crore in the quarter under consideration. It was Rs 201.15 crore in the year-ago period, it added.

On the Multi Commodity Exchange, nickel contracts for the September delivery traded lower by 20 paise, or 0.01 per cent, to Rs 1,410.50 per kg with a business turnover of 1,772 lots.

“After a very long period of time, I see a very high level of business confidence amongst corporate CEOs and they sound very optimistic on the outlook for their business over the next two to three years.”

On the technical charts, the RSI of the stock stood at 40.72.

Wesfarmers dropped 2.8% after it flagged a gloomy start to fiscal 2022, even as it announced a surprise A$2.3 billion ($1.66 billion) buyback.

The Shanghai Composite Index logged a weekly gain of 2.8%, the biggest in three months, while the CSI300 index finished up 1.2% for the week.

The pan-European STOXX 600 index slipped 0.2% in early trading, with travel & leisure and banks leading declines after gaining for much of the week.

Promoters held 51.6 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 18.85 per cent and 17.93 per cent, respectively.

The ban is also expected to be imposed on companies involved in ideology issues, said the person, declining to be identified as the matter is private.

On the National Commodity and Derivatives Exchange, soybean for September delivery rose by Rs 94, or 1.22 per cent, to Rs 7,795 per quintal with an open interest of 18,710 lots.