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Forex traders said muted domestic equities, sustained foreign fund outflows and elevated crude oil prices weighed on the local unit.

In 2021, MCX gold and silver gave 4 per cent and 8 per cent negative returns, respectively

A total of 42,540 shares changed hands on the counter till 02:10PM (IST).

Wood predicts the MF AUM to surpass Rs 90 lakh crore by the end of this decade. The potential for growth is also illustrated by the fact that mutual fund assets under management account for only 16 per cent of GDP, which is way below most countries, he said.

Of Rs 300 crore fresh issuance, the company is planning to use about Rs. 95 crores for the repayment of the debt, Rs 117.90 crore for setting up seven new mother and baby centres at various locations over the next few years and Rs 12.71 crore for acquisition of 49% stake in its subsidiary, Acquity Labs Private Limited besides general corporate purposes.

“Most analysts do not expect aluminium prices to come down in the near future. Aluminium, copper prices are going to hold firm at least for this calendar year. The cost inflation continues but the top line is also offsetting that cost increase because the LME prices keep going up. We would be very happy to maintain the margins in Q4 versus Q3."

The stock quoted a 52-week high price of Rs 1674.0 and a 52-week low of Rs 1305.7.

“Market analysts predicts that aluminium price may touch up to $4,000 and some analysts are predicting that during Q1 of 2022 (January, February, March), the average price will be around $3,000 plus minus 5%. This is a good price for the aluminium industry and everybody knows that price beyond $2,600-2,700 is temporary in the market. ”

Amara Raja Batteries on Thursday said its consolidated net profit declined 25.25 per cent to Rs 145.30 crore in the third quarter ended December 31, 2021.

According to the company, the new launches are designed to help investors expand their crypto portfolio with smarter and safer investment options