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Vedanta shares down 3.6% as Nifty falls

Updated at : 2022-06-13 15:20:03

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The stock quoted a 52-week high price of Rs 440.75 and low of Rs 242.6.

Selling in the Indian market is largely on account of weak global cues, and aggressive rate hikes by central bankers across the globe which could squeeze liquidity, supply shock, rise in inflation, and demand contraction. The volatility is here to stay, highlights experts.​

Amid the continuous shortage of vital supplies for the auto and electronics industry, India and governments around the globe are trying to support the construction of semiconductor and display factories.

L&T Infotech shares drop 5.31% as Sensex falls

Updated at : 2022-06-13 15:20:03

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A total of 25,142 shares changed hands on the counter till 02:09PM (IST)

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Gross domestic product (GDP) contracted by 0.3% from March, while over the three months to April, GDP was up by 0.2%, slowing sharply from growth of 0.8% in the three months to March, official data showed.

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The company said it plans to raise long-term funds by way of issuance of secured, rated, listed, redeemable non-convertible debentures (NCDs) on private placement basis up to Rs 925 crore, subject to its borrowing limits as approved by the shareholders.

“From a global investor point of view, the bottom fishing story could go to some of the value markets which have corrected far more than what India has done. I would continue to stay on the cautious lines and do not really see any big money making ideas from the broader market as such. ”

HG Infra Engineering won orders worth Rs 2,180 crore and Rs 4,330 crore during FY21 and FY22, respectively. The current order book of Rs 7,970 crore provides visibility for 2.2x TTM revenue, it said.Axis Capital sees order inflow in the range of Rs 9,000-10,000 crore in FY23 with EBITDA margins in the range of 15.5-16 per cent.

While market gurus are divided over whether we are in the mid of a bear phase or a correction in a bull market that began in the aftermath of the Covid-led crash in March 2020, most experts believe that the weakness may continue ahead of the Fed meeting outcome on Wednesday.

Three of these companies commanded m-caps of about Rs 1 lakh crore on their respective listing days.At 12.26 pm, Zomato was trading at Rs 66.45, down 3.84 per cent. The food aggregator holds an m-cap of Rs 52,320.44 crore compared with Rs 98,731.59 crore on July 23, 2021, its listing day

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