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​​It is also declaring a special dividend of Rs. 4 per equity share over and above the final dividend of Rs. 6 per share to commemorate 100 years, the bank said while declaring its FY 2022 results in its Annual Report for FY22.

​The Dow Jones Industrial Average fell 464 points, or 1.5%, a day after it experienced the biggest one-day drop since 2020. The Nasdaq Composite was the outlier, gaining 0.2% on some early strength in Apple and Nvidia.​

The market benchmark Nifty50 has fallen 9.7 per cent in the last four weeks against a 9.5 per cent drop in the MSCI AC World index and a 9.3 per cent fall in the MSCI Asia ex-Japan index during the same period.

​​Revenue from operation of the Hinduja Group firm climbed 24.90 per cent from Rs 7,000.49 crore to Rs 8744.29 crore in the corresponding quarter last year.

“Incremental data points oriented towards higher inflation are spooking the markets and understandably so. My sense is that it is going to remain this way for the next couple of months till the worst of inflation is over. After that, it should start coming off if the flow of things goes around.”

Bosch said its consolidated revenue from operations in FY22 was at Rs 11,781.6 crore in comparison to Rs 9,716.2 crore in FY21.Bosch Ltd Managing Director and Bosch Group, India President Soumitra Bhattacharya said 2022 marks 100 years of Bosch in India, and "this significant landmark and heritage was complemented by a positive revenue growth curve throughout FY 2021-22

At present, over 60 per cent of electronic components used are supplied by foreign OEMs. As indigenisation efforts by the government continue, future procurement will see a large portion of defence electronics sourced locally, according to the brokerage

“Our corporate philosophy is not to take cash calls because it is a double edged sword. One may gain on a particular day when the markets are down but markets can also be very sharp in terms of recovery at various points of time. We have seen that during the Covid years,” says Harsha Upadhyay.

Promoters held 46.5 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 14.65 per cent and 15.72 per cent, respectively.

Ajit Mishra, VP- Research, Religare Broking, said long-term investors should not worry about the correction. He is bullish on themes like IT, FMCG, banking and suggested avoiding metals.