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Amid heavy outflow by foreign investors due to geopolitical tensions, high crude oil prices, growth slowdown concerns and aggressive central bank rate hike fears, Nifty is down about 16% from its all-time high touched in October last year.

The company informed the exchanges about being unable to service its obligations with respect to the interest on non-convertible debentures. The due date for the payment was June 20, 2022.

The stock quoted a 52-week high price of Rs 449.8 and a 52-week low of Rs 279.45.

“The turbulence that we are seeing will possibly last another three to four months. It is difficult to put a finger to that time horizon exactly but over the next three to four months, maybe till September-October, a few things are going to pan out. FII selling is something that we have to brace for in the near term.”

“In a difficult market environment people do not want to go for the so-called cheap companies or companies where you are not sure of the asset quality and what sort of negative surprises that you may have.”

Oil & gas stocks tumbled 2.9%, mirroring a more than $6-a-barrel slump in crude prices, amid a push by U.S. President Joe Biden to bring down soaring fuel costs.

A total of 348,670 shares changed hands on the counter till 02:00PM (IST)

Matrimony.com Ltd. founded in the year 2001, is a smallcap company with a market cap of Rs 1,920.40 crore, operating in the services sector.The shares have given a negative 3-year return of 28.96 per cent. Promoters held 50.16 per cent and FIIs held 25.32 per cent stakes in the company as of March 31, 2022.

Promoters held 66.33 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 20.57 per cent and 0.15 per cent, respectively.

Alkyl Amines Chemicals Ltd. key Products/Revenue Segments include Amine Derivatives, Speciality Chemicals, Other Operating Revenue, Export Incentives, Scrap, Gases Industrial for the year ending 31-Mar-2021.