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Promoters held 62.55 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 12.2 per cent and 7.43 per cent, respectively.

The RBI’s moves have been in tandem with other major central banks. On June 15, the US Federal Reserve announced a 0.75 basis points rate hike to a 1.5%-1.75% range. Policymakers see interest rates being raised to 3.4% this year.

Cummins India Ltd., incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 30612.58 Crore) operating in Engineering sector.

The company has delivered a fabulous return of over 220 per cent in the last year and 451 per cent in the last three years. BLS International is the only listed company which provides consular services related to visas and passports. It has operations in 66 countries.

The stock traded at a P/E multiple of 49.75, while the price-to-book value ratio stood at 7.01.

Shrimps, investors that hold less than 1 bitcoin, are collectively adding to their balance at a rate of 60,460 bitcoin per month, the most aggressive rate in history, according to an analysis by data firm Glassnode.

“One has to be picky over here and stick with the banks or NBFCs where there is some semblance of under ownership or where the earnings can really surprise investors. A broad-based allocation to financial services may not be sensible. So it is wiser to be a picker rather than an allocator.”

Its consolidated total income also declined sharply from Rs 480.3 crore in Q4FY21 to Rs 299.1 crore in Q4FY22. Its business operations were impacted in the second half of FY22 by the resignation of its Managing Director on November 2, 2021.

The smallcap FMCG firm reported income from operations at Rs 158.27 crore for the April-June 2022 period, about 120 per cent higher than the income of Rs 72.36 crore reported in the same period a year ago.

Promoters held 0.0 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 13.34 per cent and 15.31 per cent, respectively.