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“Retail play – stocks like Arvind Fashion, Aditya Birla Fashion – are the kind of stocks which should benefit because they were under pressure because cotton prices had gone up. Even Siyaram Silk Mills will fall under that category. In the coming festival season, these are the stocks which can outperform.”

A total of 32,908 shares changed hands on the counter till 12:13PM (IST)

According to the data from Ace Equity, as many as 240 stocks or 48 per cent shares of the index are down more than 20 per cent from the 52-week highs. BSE500 index constitutes about 95 per cent market cap of all BSE-listed companies.

Ideally, investors should always look for good fundamental stocks but sometimes in the stock market, the riskiest bets return the highest. We analysed penny stocks which have turned multibaggers in the calendar year 2022.

“We might feel that India is being noticed significantly by everybody but the FII buying which happened in August shows that surprisingly that India dedicated ETFs or India dedicated funds did not really see any big inflows. All of the inflow in August largely came from non-India dedicated which makes up nearly 95% of the FII money which comes into India. ”

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 2218.06 crore, down 4.95 per cent from last quarter total income of Rs 2333.54 crore and up 26.14 per cent from last year same quarter total income of Rs 1758.41 crore.

Promoters held 41.94 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 29.8 per cent and 12.6 per cent, respectively.

Investors, speculating that the Fed will tip the economy into recession next year in the fight to curb inflation, already see policy makers easing rates in the later stages of 2023.

The stock quoted a 52-week high price of Rs 2864.35 and low of Rs 1975.0.

Gold is highly sensitive to rising US interest rates as they increase the opportunity cost of holding the non-yielding bullion while boosting the dollar. ICICI Direct in its note said that gold was down on the back of a weak US dollar and 10-year treasury yields. US Federal Reserve also pressurised bullion prices, it said.