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Sun Pharma is the world’s fourth largest generics/specialty pharma company with 43 manufacturing sites at its disposal addressing segments like specialty products, branded generics, complex generics, pure generics and APIs.

“I do not think the RBI will have reason to hike further, nor should you and I lose that much sleep about inflation concerns, she is giving a GDP growth projection, a nominal GDP growth projection of say 10.5 and a tax revenue growth proportionately. So inflation concerns I think are easing, global commodity prices are coming off and we end up in a decent place from a private sector consumption growth perspective.”

As of 31-Dec-2022, promoters held 62.55 per cent stake in the company, while FIIs held 11.85 per cent and domestic institutional investors had 7.07 per cent.

“If I look at sectors like steel and cement, one certainly needs to have green energy sources available, green hydrogen available. One needs to have the policy framework to support investments in these areas as a user industry. In Europe, we need to have carbon border adjustment mechanisms to make sure that carbon inefficient products do not come into the country when one is investing in creating carbon efficient products. "

On the technical charts, the RSI of the stock stood at 65.14.

The Reserve Bank of India did not immediately respond to a request for comment. The sources were speaking to Reuters and declined to be named because they were not authorised to speak to the media. Shares in Adani group of companies plunged on Thursday after the tycoon Gautam Adani-led conglomerate shelved a $2.5 billion share sale amid a turbulent market, citing the need to insulate investors from potential losses.

"If borrowings are going to be low, there is nothing wrong with debt. There is a great push for equity. Real estate people were putting money in cycles –. sell one property and buy another. That has been capped for large amounts. So government is pushing towards financialisation. So every asset class is taken care of and every individual has something to take home. "

"Gold and silver traded sharply higher in the domestic markets post the Union Budget announcement, where import duty on gold remained unchanged while an increase in import duty on silver was affected. In the international markets, both the bullions logged gains and closed at their daily highs in view of a slight increase in the interest rate by the Federal Reserve that was widely expected.," said Rahul Kalantri, VP-Commodities, Mehta Equities.

Nomura said the RBI will likely view the budget in a positive light and as growth supportive, owing to an increased public capex and directional fiscal consolidation with low risk for generating fresh inflationary pressures.

Hindustan Aeronautics, incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 79218.07 Crore) operating in Defence sector.