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“The data flow is telling us that the US economy is getting out from that minus 1.25-1.5 annualised growth rate in the first half to positive numbers and that is nothing to scoff at. The largest economy in the world is about to move up from negative territory to positive territory, not a large positive territory but positive territory nevertheless.”

T&D business has secured orders for T&D and cabling projects in India, Middle East and Africa. The railways business has secured orders in the technologically enabled and conventional/emerging segments in India. The company’s oil & gas business has secured an order for laying of cross-country pipeline and associated works in India.

As of 30-Jun-2022, promoters held 45.25 per cent stake in the company, while FIIs held 18.82 per cent and domestic institutional investors had 18.9 per cent.

The stock quoted a 52-week high of Rs 243.0 and a 52-week low of Rs 190.3.

Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 460506.49 Crore) operating in Telecommunications sector.

Goldman Sachs downgraded Infosys to sell with a target price of Rs 1244. The global investment bank is of the view that the valuations are still high and not factoring in a downcycle ahead.

The Relative Strength Index of the stock stood at 52.49 on Wednesday.

The issue, which kicked off for subscription on Wednesday, September 14, can be subscribed till Friday, September 16. The company will be selling its shares in the range of Rs 314-330 apiece to raise Rs 755 crore via its initial stake sale.

A total of 32,131 shares changed hands on the counter till 12:23PM (IST).

The stock quoted a 52-week high price of Rs 243.0 and low of Rs 190.3.