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The stock picked up momentum after the PSU stock saw its total revenue from operations growing 90.5 per cent YoY to Rs 3,140.61 crore in the quarter ended June 2022 compared to Rs 1,648.67 in June 2021.

The board meeting is scheduled for Monday, 25 July 2022 to consider a proposal for bonus shares and standalone as well as consolidated unaudited financial results of the company for the quarter ended 30 June 2022.

A total of 74 shares changed hands on the counter till 11:42AM (IST)

“Mphasis is a good name, Persistent is a good name. Persistent numbers will be fairly decent. They traditionally manage this currency volatility far better than the other guys and their demand is perfectly intact. In metal stocks, against the backdrop of valuation being at historic low, Hindalco looks very good and so does Tata Steel.”

As of 30-Jun-2022, promoters held 50.73 per cent stake in the company, while FIIs held 19.21 per cent and domestic institutional investors had 9.18 per cent.

Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 266467.84 Crore) operating in Auto sector.

Barring the US dollar-pegged Tether, all the top crypto tokens were trading lower on Thursday. Polygon plunged about 15 per cent, whereas Solana dropped 12 per cent. Avalanche and Cardano tumbled 9 per cent each.

VK Vijayakumar of Geojit Financial Services said Nifty50 is likely to consolidate around the present levels before making its next move, which will be influenced by the outcome of the ECB and Fed meetings due on July 21 and July 27, respectively.

"I feel ELSS is the best option, especially for the young generation. Since the lock-in period is a minimum that is just three years which is nothing in comparison to PPF, PF, LIC, etc. Whenever you need that money after three years, you can redeem it and use it as per your wish. Moreover, if you stay invested for a long period, you get around 12% to 15% of return which is much higher than other tax-saving options."

“As of now, there is no clear demarcation or a clear choice between large private sector banks or large PSU banks or mid sized banks. All of it looks fairly attractive at this point of time. But we have been sanguine on the midcap and smallcaps now. Also, for the last few quarters, we have been increasing allocation to some of those names.”