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“The probability of crude going higher from the current levels to maybe $130-140 are far greater and probably going to happen earlier than crude going back towards $100. The safety valves in terms of any potential to ease the supply tightness are all firmly shut and the war needs to end and the sanctions lifted for any sort of normalcy to return to global oil supplies.”

A total of 27,097 shares changed hands on the counter till 12:48PM (IST)

Paytm’s lending entity showcased a 471 per cent growth with 5.5 million loan disbursements. The total loan value for the two months grew by 829%, which aggregates to Rs. 3,576 crores.

Promoters held 51.09 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 12.06 per cent and 3.58 per cent, respectively.

The Nifty IT index was trading 0.08 per cent down at 27930.65.

Prince Pipes & Fittings Ltd., incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 6612.66 Crore) operating in Plastics sector.

The stock gave a 3-year return of 98.52 per cent as compared to a 33 per cent return in Nifty50 and 70 per cent in Nifty Metal.

A total of 2,014 shares changed hands on the counter till 11:41AM (IST)

“Metal is one space to avoid because at least near term, things are not looking that great. The government has come in a big way and typically when the sector is in the eye of the government and if they are looking at what sort of numbers the companies and the sector is showing, that tends to remain a bit depressed.”

Promoters held 38.17 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 17.7 per cent and 3.73 per cent, respectively.