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The stock hit a lifetime high earlier in April but the trend quickly went sideways as investors preferred to book profits after the sharp rally.

“We will actually declare the highest ever gross margin in the year in FY21-FY22. We have taken a 6% price increase in April and gross margins as of now are holding up. We have honest pricing. If the raw material prices go up, we pass them on. Premium products are doing better than the lower-end products but rural is holding up quite nicely.”

Even before the opening of issue, LIC is commanding a premium of Rs 45-55 in the grey market, which is about 5-7 per cent over its price band of Rs 902-949 per share. It is a decent prima facie premium for such a large issue.

"The outcome was in line with our expectations but there had been some uncertainties that the BOJ might change its policy. Those worries have been removed, which boosted the appetite for stocks," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities.

Shanthi Gears Ltd., incorporated in the year 1972, is a Small Cap company (having a market cap of Rs 1587.63 Crore) operating in Auto Ancillaries sector.

The NSE Nifty 50 index was up 232.45 points or 1.37 per cent at 17,273.45 at around 1.50 pm, while the S&P BSE Sensex rallied 812.35 points, or 1.43 per cent, to 57,631.74.

The company said its net revenue for the quarter climbed 22.58 per cent to Rs 18,862 crore from Rs 15,387 crore in the same quarter last year.

United Breweries Ltd. key Products/Revenue Segments include Other Operating Revenue, Scrap, Others, Non-Alcoholic Beverages and Royalty Income for the year ending 31-Mar-2021.

In order to understand the cost of a central bank’s FX intervention, let us hypothetically assume that the RBI chooses to intervene in the FX market and peg INR against USD. It means that whenever there are large foreign capital outflows leading to lower demand for INR, the RBI will offset the weakening bias in INR by selling equivalent amount of USD (or FXR) and sucking INR liquidity.

“We are reaching that inflection point where I would like to be on the fear and greed cycle which we typically look at. The Fear cycle is closer to the bottom and so I would like to participate rather than worry about what happened in the month of May historically as and when data points change, we will change our opinion.”