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Shareholding pattern for this company released on Thursday suggested Agrawal held 7,50,000 shares, or 3.46 per cent stake, in Pearl Global Industries at the end of December quarter

Promoters held 0.0 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 25.07 per cent and 12.68 per cent, respectively.

The stock touched a low of Rs 1,282.10 as against the previous close of Rs 1,310.30 on the National Stock Exchange.

Rallis India has been facing headwinds due to a limited supply of raw materials along with higher logistic costs, said analysts, adding that a sharp increase in input costs is likely to keep margins under pressure.

The partially convertible rupee opened at 74.4600/$1 against 74.5000/$1 at the previous close. The Indian currency, which was last at 74.5600/$1, travelled in a band of 74.4900-74.5700/$1 so far in the day.

The earnings before interest, tax depreciation and amortisation (EBITDA) rose 25% YoY to Rs 537 crore. The EBITDA margins for the third quarter stood at 24%. Biocon said had it not been for mark-to-market loss attributed to Biocon Biologics’ equity investment in Adagio, its core EBITDA stood at Rs 715 crore with a margin of 33%.

As of 31-Dec-2021, promoters held 0.0 per cent stake in the company, while FIIs held 14.93 per cent and domestic institutional investors had 13.97 per cent.

Tata Elxsi Ltd., incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 48162.73 Crore) operating in IT Software sector

“List four-five sectors and 10-12 stocks and start deploying whenever you see this type of correction setting in the markets.”

On Thursday, Hindustan Unilever Ltd reported an 18.68 per cent increase in consolidated net profit to Rs 2,300 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 1,938 crore in the October-December period of the previous fiscal.