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The benchmark 10-year U.S. Treasury yield had risen to its highest level since 2011 on Monday, as investors adjusted for the prospect that the Federal Reserve will hike rates higher and for longer than previously expected.

On the technical charts, the RSI of the stock stood at 35.43.

In an exchange filing, the Ahmedabad-based edible products company announced plans to set up a grain-based ethanol manufacturing facility with 1,000 kilolitres per day (KLPD) capacity in Dalpur village of Sabarkantha district in Gujarat.

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 1899.09 crore, up 13.05 per cent from last quarter total income of Rs 1679.93 crore and up 49.68 per cent from last year same quarter total income of Rs 1268.73 crore.

Jefferies maintained a buy on Nazara Technologies with a target price of Rs 750 which translates into an upside of nearly 15 per cent from Rs 750 recorded on 19 September. The growth outlook for Nodwin and Sportskeeda remains strong, it said, adding that Real Money Games (RMG) remain an attractive market.

India aims to gross borrow 14.31 trillion rupees ($180 billion) through bonds in the current financial year, of which it is scheduled to raise 5.86 trillion rupees in October-March. The government is also aiming to maintain fiscal deficit at 6.4% for this financial year.

The stock saw a vertical rise after hitting a 52-week low of Rs 95.80 on 20 June 2022. The stock closed and made a 52-week high of Rs 195.45 on 19 June which translates into an upside of over 103 per cent.

“I do not think insurance is a space where earnings growth is going to surprise you meaningfully. There are many more sectors like banking, NBFCs, autos, or capital goods where the earnings are going to be much higher. So the excitement is going to be there. I do not think excitement is going to be very high in insurance for the next one or two years.”

The port is proposed to be developed on a straight beachfront and will be located very close to the mineral-rich belts of West Bengal, Jharkhand and Odisha. The identified site is located 180 km from Kolkata and 10 km from Digha.

A total of 9,973 shares changed hands on the counter till 11:53AM (IST)