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According to a report by Credit Suisse, the transition of the digital ecosystem to metaverse will push data usage by 20 times across the globe by 2032 and telecom operators Bharti Airtel and Jio are suitably placed to benefit from the surge.

“The Green Hydrogen announcements of the government yesterday has addressed the supply side. Now the government has to start thinking about how to encourage people to move towards using green hydrogen and creating the demand side of the equation. That is something that we still have to wait and see. This will hopefully allow the cost of producing green hydrogen to come down.”

The data collated by East India Securities shows the money manager bought 1.43 crore shares of gas distributor GAIL (worth Rs 201 crore in current prices), 1.32 crore shares of ITC (Rs 294 crore) and 1.26 crore shares of infra project financier IDFC (Rs 76 crore) during January.

CARE Ratings Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 1616.37 Crore) operating in Financial Services sector.

“There are some pockets even now where retail participation seems high and there are stocks which do not want to trade at levels that we see everyday. Nonetheless, some fear has set in and that is good from a long-term investment perspective. We believe the auto cycle should turn around over the next two years. We believe the agri sector is showing some promise and we have always had a positive view on the banking sector.”

The Relative Strength Index of the stock stood at 39.89 on Friday.

The stock quoted a 52-week high price of Rs 2587.95 and low of Rs 1686.75.

When one adds a record-high Rs 14.95 lakh crore domestic government borrowing programme lined up in the next year to these contrasting monetary policy drivers, bond traders well and truly have their work cut out.

A total of 10,943 shares changed hands on the counter till 02:05PM (IST)

Promoters held 0.0 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 14.66 per cent and 6.56 per cent, respectively.