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A total of 44,419 shares changed hands on the counter till 10:35AM (IST)

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Given the raw material price pressure, analysts expect the company to report flattish margins in the March quarter. Centrum Broking in its projection said Ebitda margin will likely be around 8.4 per cent, lowest among its listed peers.

“We still think that the aggregate level Nifty earnings will live up to the expectations but as there is a shift in profit pool, consumer staples companies’ profits could be under significant pressure. On the other hand. commodity companies can actually surprise on the upside when it comes to profitability.”

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“If you ask me whether I would buy Bajaj Finance or HDFC Bank at current price, the clear answer is HDFC Bank and I am not reading too much into why Bajaj Finance is not falling because it is all about institutional ownership and what kind of exposure prune down they want to do. We should be looking out for investment opportunities in areas where there is a deeper cut.”

"In India, beer volume grew by a high-single-digit, outperforming the market. UBL experienced progressive growth during the quarter with the declining impact of the COVID omicron variant," it said in its earnings statement.

Oil climbs but takes a breather in tight range

Updated at : 2022-04-21 09:20:03

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Oil prices traded higher but in a narrow range on Thursday, after being rocked earlier in the week by supply losses from Libya and a worrying outlook for demand as the International Monetary Fund cut its global growth forecasts.

Among them, HCL Tech, ICICI Lombard, Crisil, L&T Technology may also consider interim or final dividends.

"Good quality IPOs from companies that have a robust business model and whose valuation is not very high may attract investor interest in FY23. 54 companies plan to raise a massive Rs 1.4 trillion in the upcoming fiscal year, including the much-awaited LIC IPO.These 54 companies already have market regulator Securities and Exchange Board of India’s (Sebi’s) approval for raising the money. Another 43 companies are waiting for Sebi approval to raise about Rs 81,000 crore."

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CalPERS said it invests more than $450 billion, including more than $2.3 billion in Berkshire shares.

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SBI, India’s largest bank by assets, jumped two spots to be ranked 22nd in the list with $695 billion in assets. HDFC Bank, the country’s private sector bank also improved its position to 44th from 46th last year. ICICI just about made it to the list at number 50 with $226 billion in assets.

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