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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).

A total of 13,563 shares changed hands on the counter till 12:40PM (IST)

Tata Elxsi clocked a robust 63 per cent YoY growth in profit at Rs 184.7 crore for the quarter ended June 2022 on strong operating profit and topline growth. The company reported a 30 per cent YoY rise in the revenues from operations at Rs 725.9 crore. The brokerage said higher fuel prices impacted the results in the June 2022 quarter. It does not expect Ultratech Cement, Shree Cement and Dalmia to see a similar EBITDA decline on a sequential basis.

In the spot market, the highest purity gold was sold at Rs 50,565 per 10 grams while silver was priced at Rs 55,685 per kg on Thursday, according to the Indian Bullion and Jewellers Association. The spot prices of gold have plunged close to Rs 1,750 per 10 grams in the last 10 days, whereas silver has tanked about Rs 2,500 per kg in the same period of review.

Promoters held 46.86 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 10.82 per cent and 4.83 per cent, respectively.

"Accordingly, the bank has decided that the JC Flowers ARC will be the base bidder for a proposed sale of an identified stressed loan portfolio of the bank aggregating to up to Rs 48,000 crore," YES Bank said.

The Relative Strength Index of the stock stood at 76.06 on Friday.