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Buy Rallis India, target price Rs 350: Anand Rathi

Updated at : 2022-01-21 12:20:02

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Time period given by analyst is one year when Rallis India Ltd. price can reach defined target.

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Shares of Tranway Technologies, Triveni Glass, Orosil Smiths, Kellton Tech, BCL Enterprises, Ruttonsha International Rectifier, Tinna Rubber and Infra, Shanti Educational and Zodiac Energy have jumped between 100-145 per cent during the period under review.

Russia's central bank calls for crypto crackdown

Updated at : 2022-01-21 11:40:03

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The move is the latest in a global cryptocurrency crackdown as governments from Asia to the United States worry that privately operated and highly volatile digital currencies could undermine their control of financial and monetary systems.

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities said, "Gold paused as dollar index bounced back after a brief correction gaining support from expectations that Fed may tighten monetary policy at a faster pace. However, supporting price is a retreat in bond yields from recent highs, inflationary concerns, geopolitical tensions and virus concerns."

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The company’s revenue increased 38.7 per cent to Rs 1,491.7 crore in the quarter under review from Rs 1,075.3 crore in the year-ago period, it said in an exchange filing on Thursday.

Data showed foreign portfolio investors have sold equities worth Rs 4,197 crore so far this month. The stress was captured in fear gauge India VIX, which surged 8.3 per cent to 19.28, as market participants anticipate high volatility over the next 30 days.

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For Wall Street and the City of London, India’s inclusion offers an opportunity to diversify holdings and penetrate deeper into an economy that’s growing at one of the fastest paces in the world.

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The company said it allotted 8,000 shares at a face value of Rs 10 each "pursuant to exercise of stock options by employees", reports said, adding that at Rs 10 each, the company reported earnings per share of Rs 10.90 crore (basic) and Rs 10.87 crore (diluted), while its paid up equity share capital stood at Rs 168.59 crore, a very modest 0.006 per cent sequential increase.

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The counter fell to a low of Rs 1,849.55 against Rs 1,892.60 at the previous close on the NSE. The stock was last trading 1.73 per cent lower.

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The Relative Strength Index of the stock stood at 33.58 on Friday.

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