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Nazara Technologies, which is a subsidiary of gaming player Nazara Pte Ltd (Nazara Singapore), will invest $0.875 million upfront while the remaining $1.625 million will be deployed over a three-year period, reports said.

As of 31-Dec-2021, promoters held 59.42 per cent stake in the company, while FIIs held 25.55 per cent and domestic institutional investors had 2.64 per cent.

Following the development, Vidula Consultancy’s shareholding in the company stands at 9.92 per cent from 9.1 per cent earlier.

The stock traded at a P/E multiple of 6.12, while the price-to-book value ratio stood at 1.13.

Sundram Fasteners has projected an investment of over Rs 350 Crores for manufacturing Advanced Automotive Technology (AAT) components like powertrain sub-assemblies for Electric Vehicles (EV) and select Internal Combustion Engine (ICE) vehicles out of its planned five-year capital expenditure amounting to Rs 2,000 crores.

Gold inched lower on Thursday but prices were set for their biggest quarterly gain since September 2020, as the Russia-Ukraine conflict lifted demand for the safe-haven metal. Spot gold was down 0.3% at $1,926.46 per ounce by 0245 GMT. U.S. gold futures were down 0.4% at $1,931.00.

“My investment in fixed income and gold and silver has done phenomenally well for me. Right now, for a retail investor the urge to jump into the market is sharp because it has again run up 1200, 1300, 1400 points from their recent lows of about 15,800 or so. But in the last one year or so, I have outperformed the Nifty. I have done that without holding much stocks.”

Fortis Healthcare Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 21165.25 Crore) operating in Hospitals & Allied Services sector.

“It is a part of our job to analyse things and not repeat a book from 10 years ago saying that if you invest for 20 years, it is very good. We agree with five years, we agree with three, four years also; but to be in the market for 25 years, one has to be a little bit analytical.”

Investigations are also being conducted around supply chains and whether mechanisms are in place to camouflage or suppress the origin of goods, services or money trails and the conduct of business through illegitimate channels.