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“I have been recommending a buy in HDFC Bank. I believe there has been significant correction from the levels it was at. At the current level, it does look attractive even for HDFC Limited. It is a good buy at current levels. Fundamentally, both are good buys and the merger is a step in the right direction.”

Ace investor Rakesh Jhunjunwala and his better half Rekha owned 5.1 per cent stake in the Tata Group firm, which is worth Rs 10,703.90 crore as of Monday.

The global cryptocurrency market cap was trading lower at $1.72 trillion mark, declining more than a per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped over 16 per cent to $71.95 billion.

Ahead of its IPO, unlisted shares of LIC were commanding a premium of Rs 50-55 in the grey market, hinting towards a mild listing pop for investors. However, the premium in the grey market has dropped from Rs 85-90 earlier.

Record inflation in Europe and the US in the aftermath of ultra-loose monetary policies has boosted commodity companies, while technology services have encountered higher competition and lower-than-expected profit expansions due to spiralling costs and an unceasing global war for top talent.

Given the wide definition of VDA, there were concerns that these assets acquired through regular transactions could be subject to crypto tax as they have traits of VDAs.

The cash-and-stock deal, pegged at around Rs 2,500-Rs 2,800 crore, is expected to be one of the largest acquisitions in the beauty and personal care segment.

GEL witnessed significant re-rating on the back of consistent outperformance despite various headwinds. For FY22, GEL exports grew 58% YoY vs. 36% India exports.

Adani Green, Kotak Mahindra Bank, Adani Total Gas, Havells India, Tata Consumer Products, ABB India, Deepak Nitrite, IIFL Wealth Management, Laxmi Organics, Oracle Financial Services Software, SIS, Rain Industries and EIH are among the companies that will announce their March quarter results today.

The stock appreciated at 55% CAGR in the last three years. The brokerage revised its rating on the stock from HOLD to BUY due to better soda ash pricing environment.