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The Nifty company also announced a capex of Rs 6,750 crore over the next 3-4 years with the primary objective of becoming a more cost-efficient producer that allows it flexibility to price more competitively. Analysts said the company management’s message is clear—prioritize market share gains/defense over margins and return ratios.

The US rate hikes have caused the yen to slide to its lowest level against the dollar in over three decades, while the Bank of Japan sticks to its longstanding monetary easing policies.

Promoters held 0.0 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 37.27 per cent and 32.58 per cent, respectively.

Among individual stocks, French media company Vivendi reported an uptick in quarterly revenue and confirmed it was still planning to spin off its publishing business Editis. Its shares were down 2%.

Overall, Indian equities have outperformed global markets significantly in Samvat 2078 and the outperformance is expected to continue in Samvat 2079, driven by strong recovery in the Indian economy and domestic liquidity, offsetting FPI (Foreign Portfolio Investors) outflows, Manish Jeloka, Co-head of Products & Solutions, Sanctum Wealth, said.

“We have grown in line with the industry and faster than listed peers this quarter, which also led to market share improvement from 14.6% in Q1 to 15.0% in Q2 on a pre-merger basis,” Vibha Padalkar, MD and CEO was quoted as saying in the release.

A total of 25,340 shares changed hands on the counter till time (IST).

Home First Finance Company India Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 6828.90 Crore) operating in NBFC sector.

The momentum helped the stock to hit a fresh record high of Rs 585 on September 20, 2022. The stock is now consolidating in a narrow range but trading comfortably above crucial averages.

“Legally we cannot have an election till 2024. There is something called Fixed Term Parliament Act which was passed during the coalition government 2010-2015. So even if they wanted to have an election, there is no way they can have an election right now. So the best thing is to have another prime minister who would take the party to the election deadline as it were. ”