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“Almost $11-$14 billion selloff that has come from FPI investors got absorbed by the domestic investors and that being the case, FIIs will reverse. FIIs are more opportunistic. Whenever they see fundamentals of the economy undergoing a change, they will jump the gun and start putting money. Though the biggest trigger will come from domestic investors, FII flows will be a big surprise for me in the year 2022.”

The stock traded at a P/E multiple of 38.54, while the price-to-book value ratio stood at 12.79.

The stock quoted a 52-week high of Rs 1267.5 and a 52-week low of Rs 678.65.

Cryptocurrency mining currently consumes an alarming amount of fossil fuels. But it doesn’t have to. There are alternative, environmentally friendly cryptocurrencies already.

On the technical charts, the 200-day moving average of the stock stood at Rs 314.69.

Mahesh Nandurkar of Jefferies said the impact of election results are not really long-lasting for the market, especially at the state level.

A total of 9,851 shares changed hands on the counter till 02:05PM (IST).

As of 31-Dec-2021, promoters held 51.45 per cent stake in the company, while FIIs held 19.56 per cent and domestic institutional investors had 7.87 per cent.

With inflation in the euro zone at a record high even before Moscow began its assault on Feb. 24, policymakers had been expected to announce an end to years of money-printing stimulus, opening the way for an interest rate hike late this year.

The value of cryptocurrencies surged past $3 trillion last year, with approximately 14% of Americans invested in digital assets as of 2021, according to University of Chicago research.