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“Right now, a huge global multi-commodity price cycle is pushing everything up. These things will not be solved very easily because I cannot bring new copper mines or new aluminium mines on stream very very quickly and with the number of green concerns that we have, the number of years it takes to get a new license is quite substantial. So the producers are unable to react very quickly to shortages.”

The US dollar index, which measures the currency against six major rival currencies, was last at a near-two-decade high of 103.44 as against 103 at previous close.

LIC IPO will open for subscription between May 4 (Wednesday) to May 9 (Monday).

What makes a few analysts worry more is the prevailing stock valuations, which they find expensive after a 28 per cent rally on the counter this year. For them, most positives have been baked in the stock price.

The Relative Strength Index of the stock stood at 50.17 on Thursday.

A week earlier, Ashish Ramesh Kacholia had bought 2,53,004 shares of Barbeque Nation in a bulk deal transaction, data published by NSE showed.

Gateway Distriparks’ (GDL: CFS + Rail) 4QFY22 EBITDA was up 2% QoQ to INR949mn (4% below JMFe due to amalgamation related costs).

A total of 12,723 shares changed hands on the counter till 11:41AM (IST)

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 12419.61 Crore) operating in Consumer Durables sector.

Analysts noted that the company’s consolidated net debt had risen to Rs 3,570 crore as of September 30 from Rs 1,920 crore as of March 2020, owing to Covid waves in FY21 and FY22, impacting cash flows. But following a Rs 1,982 crore rights issue in December and a subsequent fundraise of Rs 2,000 crore in March through a QIP, IHCL has become a marginally net cash company at the quarter end.