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A total of 1,032 shares changed hands on the counter till 11:47AM (IST)

“In the auto industry, better returns will come from the auto ancillary companies, especially the non-engine part manufacturing companies like Motherson Sumi, Minda Industries, Minda Corp, Endurance, Varroc.”

A total of 14,550 shares changed hands on the counter till 10:15AM (IST)

“It is not just the fundamentals that are driving this price higher, but the futures market is also driving this high and there is a danger that prices could rise a little bit higher still.”

The telecom services player posted a consolidated net profit of Rs 395.21 crore for the third quarter ended December 2021. The company had reported a net profit of Rs 309.41 crore in the same period a year ago.

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.