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Greenpanel Industries Ltd., incorporated in the year 2017, is a Small Cap company (having a market cap of Rs 5689.91 Crore) operating in Building Materials sector.

The Relative Strength Index of the stock stood at 56.5 on Friday.

Besides the impact of a weakening rupee on the country’s economy, any major movement in the currency also impacts a number of listed companies. Simply put, a falling rupee is good news for exporters but bad for importers.

Investors now look to the ECB meeting next week, where a 25 basis point hike, its first in over a decade, has been signalled. The ECB has lagged most peers in rate hikes, but with inflation touching record highs and expected to be exacerbated by an energy dispute with Russia, markets look for hints on the magnitude of future hikes.

A total of 209,467 shares changed hands on the counter till 01:46PM (IST)

Kajaria Ceramics Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 15681.60 Crore) operating in Building Materials sector.

As of 31-Mar-2022, promoters held 51.4 per cent stake in the company, while FIIs held 17.61 per cent and domestic institutional investors had 19.54 per cent.

“In the second half, the fears have come true in terms of the inflation, in terms of the rate hikes and while the second half will not be as bad as the first half, the reason being the recession actually because recession means easing commodity and oil prices which is good for the Indian economy. ”

The Relative Strength Index of the stock stood at 37.73 on Friday.

Total revenue from operations for Q1FY23 was at Rs 630.4 crore as compared with Rs 601.7 crore in Q1FY22, an increase of 4.7 per cent year-on-year (YoY).