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The company reported a marginal 1.2 per cent growth in net profit at Rs 318 crore for December quarter 2021-22. It had posted a net profit of Rs 314 crore in the year-ago period, the non-life insurer said.

As of 31-Dec-2021, promoters held 26.06 per cent stake in the company, while FIIs held 53.15 per cent and domestic institutional investors had 6.29 per cent.

Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 99449.66 Crore) operating in Auto sector.

In what was an otherwise strong year for Tata Group stocks, Rallis India fell 2 per cent in 2021 and was the only Tata Group scrip to log negative returns.

Median forecasts from the Jan. 12-19 Reuters poll showed the Fed raising its key interest rate three times this year, starting in March, to 0.75-1.00% by end-2022, a significant upgrade from two hikes predicted in the December survey.

The Nifty Auto index was trading 0.04 per cent up at 11686.05.

SIS Ltd. key Products/Revenue Segments include Income from Investigation & Security Services, Other Operating Revenue, Electronic Security Systems and Other Services for the year ending 31-Mar-2021.

Bitcoin once again slipped below the $42,000 mark but Ethereum was able to hold $3,200 levels. The trading volumes remained light during early trade as the market witnessed a sharp churn due to the changing economic environment.

“It is going to be a year of big sector rotation and not a runaway move on the benchmark. So there will be periods when defensives will get relevant and among those, we prefer pharma and utilities to IT and consumer stocks.”

“Most people think that probably the time has come when these growth momentum stocks should see some kind of PE multiple contraction and therefore they should get out. We are not in that camp and we are still holding on to all our IT positions and in fact using these opportunities to add on to them.”