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“We have successfully commissioned key projects for the second long-term supply contract in this quarter and the pharma API intermediary expansion will be commissioned by March. All these will increase revenue going forward in the next year. We had earlier guided that we are planning to introduce about 40 new products in chemicals and about 50 new products in pharma in next two years. So those projects will go under construction in FY23.”

Within the last 24 hours, the token registered a rise of 1,400 per cent in volume with coins worth $5.56 million changing hands. It has a total marketcap of $33.7 million.

In the previous trade, the precious metal finished at Rs 53,233 per 10 grams.

The Nifty IT index closed 0.14 per cent down at 35348.7.

Shares of Mold-Tek Technologies jumped 20 per cent after the company said a meeting of the board of directors will be held next Tuesday (March 15) to consider the recommendation of an interim dividend for the financial year 2021-22.

“We have not actually seen huge redemptions in our emerging market funds or indeed in our dedicated Asian funds but, of course, others will have seen that happening and in certain markets it will be withdrawal of margin lending. But generally, there’s flight to safety and it’s not particular to India but that is why India is down, says Aberdeen’s Hugh Young.

The stock traded at a P/E multiple of -211.8, while the price-to-book value ratio stood at 4.24.

On the technical charts, the 200-day moving average of the stock stood at Rs 5718.85.

A total of 31,789 shares changed hands on the counter till 02:10PM (IST).

Marico Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 65335.58 Crore) operating in FMCG sector.