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The company had logged a net profit of Rs 80.08 crore in the year-ago period, RInfra said in a filing to BSE.

Markets have been consolidating for the last four months and still not offering any cue over the next directional move. Global cues including inflation concerns and Russia-Ukraine tension are currently weighing on the sentiment. "The direction of the market in the week ahead will be determined by cues from global markets while domestic macroeconomic data and corporate earnings will continue to remain in focus in the near term," said Vinod Nair, Head of Research at Geojit Financial Services.

“The next phase will belong to the new-age technologies like electric vehicles, the ecosystem for all of that by way of charging stations and even backward integration through Tata Chemicals. I think all can be played through some of these companies. We have chosen Tata Power and Tata Motors. We also like TCS. ”

“Among midcap cement companies, Birla Corp is the preferred pick. The company is focussed in the central region, which is not that impacted in terms of oversupply. We would like to go with an ICICI and SBI within the broader financials. NBFCs would take a lag and that is why the stocks could stay under pressure for some time.”

Sales of NFTs, or non-fungible tokens, soared to around $25 billion in 2021, leaving many baffled as to why so much money is being spent on items that do not physically exist and which anyone can view online for free.

The company’s existing shareholders, including founder TVS Mobility Pvt. and investors Gateway Partners and Tata Capital Financial Services Ltd., plan to sell as many as 59.48 million shares in the IPO, according to a draft prospectus.

Global shares dropped on Friday on rising worries over escalating Ukraine-Russia tensions and the prospect of a tightened interest rate hike timeline from the U.S. Federal Reserve in response to decades-high inflation.

The levels of 17,500 and 17,650 will potentially act as resistance points. The supports come in at 17,150 and 16,900 levels

During the peak of the pandemic, the RBI took the repo rate down to 4% and reverse repo rate to 3.35%. Since we have come a long way from the bottom levels on economic recovery, it makes lot of sense to go and normalise or at least exit the ultra-loose monetary policy which is the state of affairs, said Sahay

The state-run company reported a revenue of Rs 28,474 crore for the October-December quarter, a 67% jump from the year-ago period. Profit in the year-earlier quarter was Rs 1,258 crore. Net profit margin for the quarter rose to 31% from 7% a year earlier.