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On the technical charts, the 200-day moving average of the stock stood at Rs 1712.55.

It further added that the stable tax environment for cigarettes in recent years has allowed ITC to calibrate price increases to avoid a disruption in demand and this trend is likely to continue and should result in improved cigarette volumes and earnings visibility over the medium-term.

SRF Ltd., incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 67795.93 Crore) operating in Diversified sector.

Dredging corporation of India is aiming at their highest ever turnover of Rs 1000 crore for the financial year after the extension of the contract by JNPT.

The stock quoted a 52-week high of Rs 1356.9 and a 52-week low of Rs 923.5.

“In the auto sector, Ashok Leyland, Automotive Axles and AIA Engineering are looking good while in the capital goods space, both SKF and Timken are looking good. Then there are companies like Thermax, Siemens which we also like.”

Australian shares close lower on recession fears after Fed hike.The U.S. Federal Reserve approved a bigger but widely expected 75-basis-point rate hike on Wednesday to contain broadening inflationary pressure.

While second-quarter profit growth forecasts have fallen in recent weeks, estimates for the third and fourth quarters and for all of 2022 have held up or risen, according to IBES data from Refinitiv. As of Friday, Wall Street analysts expected S&P 500 earnings to grow by 9.6% in 2022, up from 8.8% at the start of April and from 8.4% on Jan. 1.

As of 31-Mar-2022, promoters held 62.55 per cent stake in the company, while FIIs held 12.2 per cent and domestic institutional investors had 7.43 per cent.

To invest or not to invest in cryptos depends on the investment horizon, Atanuu Agarrwal, Co-founder, upside AI. They should be not more than low single digits in your asset allocation, and it should be money you are willing to lose.In the last eight months, crypto investors across the globe have lost more than $2 trillion of their wealth as the total market capitalisation of the crypto assets breached $1 trillion levels earlier this week from its peak.