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India Cements Ltd., incorporated in the year 1946, is a Small Cap company (having a market cap of Rs 4674.80 Crore) operating in Cement sector.

A total of 7,513 shares changed hands on the counter till time (IST).

At the interbank foreign exchange, the rupee opened strong at 77.98 against the US dollar, then inched higher to quote 77.93, registering a rise of 12 paise over the last close.

“In the next 13 years, despite the current phase, inflation will probably be in the low single digit. So to that extent, nominal returns will come down but the real return – if India captures its opportunities well - will be better in the next 13 years than the last 13 years.”

Promoters held 0.0 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 38.0 per cent and 32.08 per cent, respectively.

The Nifty Auto index was trading 0.3 per cent down at 10798.8.

"Infrastructure index is gradually outperforming vis-à-vis Nifty on the ratio graph. Overall price structure hints at a decent upside room for the infra space, hence the current decline should be seen as a buying opportunity in marquee stocks like Larsen & Toubro and Siemens, and selectively in robust cement stocks like ACC and Ultratech Cement."

Vardhman Textiles Ltd., incorporated in the year 1973, is a Mid Cap company (having a market cap of Rs 7286.60 Crore) operating in Textiles sector.

A total of 2,251 shares changed hands on the counter till 11:11AM (IST)

“Interest rates in the US are headed for 9%. We have to get ready for that. However, high interest rates do not kill markets. Stock markets can go up in the face of high interest rates. Temporarily there will be some impact but in the long run, bull markets often are accompanied by high interest rates and rising interest rates.”