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On the technical charts, the 200-day moving average of the stock stood at Rs 1946.19.

“I do not own any crypto currency. I wish I had bought Bitcoin at $1, at $5. I do not have great confidence in the future of government crypto currencies. I have optimism about the future of crypto money but not government crypto money is not competing crypto money. Governments do not like competition; they like to keep their monopoly.”

As of 31-Mar-2022, promoters held 49.5 per cent stake in the company, while FIIs held 28.23 per cent and domestic institutional investors had 0.69 per cent.

The global cryptocurrency market cap was trading higher at the $1.28 trillion mark, jumping more than 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume added about a per cent to $82.39 billion.

Nifty50 now trades at a 12-month forward PE ratio of 17.5 times, which is in line with the pre-Covid three-year average and just marginally above the pre-Covid five-year average of 16.9 times.

“There will be a transition. I do not even blame startup founders as much as I blame the VCs and the PEs who pumped money into these companies and expected these startup founders to grow at no cost. Once anybody has too many investors on their board or on their cap table, it becomes less about what the startup founder wants but more about what the plethora of investors are asking or expecting of him.”

A total of 907,460 shares changed hands on the counter till 11:01AM (IST)

The spot prices of gold have dropped more than Rs 1,100 in the last two weeks, whereas the silver has declined about Rs 2,250 per kg in the same period under review.

In the case of DRL, Morgan Stanley said that the drug maker continued to deliver granular growth and that the growth trend should continue in FY23.

Consolidated total revenue from operations during the quarter under review stood at Rs 2,915.82 crore as against Rs 2,730.74 crore in the corresponding period a year ago, PTI reported.