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“Our advice to our clients is not to dabble into mid and small size companies as they are most vulnerable to inflationary pressures as cost of energy and raw material prices go up. Maybe they can stay with some of the large companies and within the large companies also try and avoid the commodity influences.”

The partially convertible rupee opened at 74.6820 per US dollar as against 74.5050 per US dollar at the previous close. So far in the day, the rupee moved in a band of 74.7120-74.8100 against the greenback.

Bitcoin dropped for a sixth straight day, touching a low of $36,372 on Tuesday after Russian President Vladimir Putin said he’s recognizing two self-proclaimed separatist republics in eastern Ukraine and ordering troops there. Other cryptocurrencies also declined, with Ether off as much as 2.9% and XRP down as much as 6.7%.

Bandhan Bank Ltd., incorporated in the year 2014, is a banking company (having a market cap of Rs 49255.92 Crore).

A total of 69,262 shares changed hands on the counter till 11:52AM (IST).

The stock traded at a P/E multiple of 72.84, while the price-to-book value ratio stood at 6.64.

On the technical charts, the RSI of the stock stood at 32.3.

The global crypto market cap tumbled as much as 6 per cent to $1.67 trillion mark. On the contrary, the total crypto market volume jumped rallied more than 43 per cent to $101.33 billion.

According to reports, the probe agency’s investigation is based on an Enforcement Case Information Report (ECIR) filed by the Enforcement Directorate under the Prevention of Money Laundering Act, 2002 (PMLA) against Indiabulls Housing, its promoter Sameer Gehlaut, and a number of other linked companies and individuals.

As of 31-Dec-2021, promoters held 66.33 per cent stake in the company, while FIIs held 20.8 per cent and domestic institutional investors had 0.14 per cent.