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On the technical charts, the RSI of the stock stood at 46.29.

A total of 46,549 shares changed hands on the counter till 10:51AM (IST).

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.

“We are generally investing in companies which continue to be producing great results and if the results are mediocre over an extended period, obviously we will underperform and that is the reason I focus on the business rather than focusing on the stock price. The stock price tells us nothing. It is one of the biggest ironies of investing. The stock price has zero information value..”

“The consumption story along with the domestic infra and capital goods story should be the themes to play in the next two to three years. Real estate should also provide a good kicker. We will continue to remain underweight in FMCG stocks because the valuations there are not dirt cheap.”

TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 31992.37 Crore) operating in Auto sector.

“The market will be more earnings driven. The valuation might not expand. It will be more the earnings which will expand but the flows remain quite strong. EM outflows will start slowing down after probably peaking around April with the dollar peaking. As the dollar peaks around April-May by which time the market would have got a very strong sense of how high do the rates go in this cycle. ”

Global crypto exchanges looking at the Indian market are awaiting more clarity on crypto regulations to make entry and investment decisions even after the government announced a tax regime in the Budget.

Hindalco, M&M, Zomato, Piramal Enterprises, Hero MotoCorp, ABB, Page Industries, HAL, Trent, IRFC, Bharat Forge, MRF and Cummins are among the companies that will announce their December quarter results today.

A tech-fuelled global stocks rally cooled in Asian trade on Thursday as investors took a more cautious posture amid uncertainties around the outlook for inflation and interest rates.