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“The day the war broke out on February 24, the markets fell 5% but our portfolios fell only 1.6%. That is where risk control kicks in. Any time there is panic, that is where you need to be also hedged. So whatever you are playing a) you have to be careful with sectors and b)have your risk control in place.”

The company renewed its operating licence in 2020, with one of the conditions for the new licence being Airtel Uganda to list at least 20% of equity on the local bourse.

A total of 53,627 shares changed hands on the counter till 12:57PM (IST)

The Relative Strength Index of the stock stood at 36.22 on Tuesday.

"We use the funds freed from India to raise China from Market Weight to Overweight. China’s credit intensity still clouds long-term prospects but we like the country’s low oil import bill, insulation from Fed rate hikes, improving macro indicators and wealth of potential policy tools," CS said.

“Should there emerge a situation where the global investors are not being able to exit from Russia, they may be forced to exit from other emerging markets, then those funds can create further selloff in the market and that could lead to a capitulation situation in the Indian market as well.”

At the interbank foreign exchange, the rupee opened on a weak note at 77.02 against the US dollar, then pared its initial losses and touched 76.73, registering a gain of 20 paise from the previous close.

NMDC Ltd. key Products/Revenue Segments include Iron Ore, Pellet, Sale of services, Diamonds, Power and Other Operating Revenue for the year ending 31-Mar-2021.

On the technical charts, the RSI of the stock stood at 23.99.

The Nifty Pharma index was trading 0.97 per cent up at 12669.05.