The Equity Valuation Index indicates that overall market valuations have moderated from their recent peak amidst rising global uncertainty

“Till now, the rupee had outperformed on a 12 months basis. The dollar index is up 14%, rupee had fallen 7% but today for example, we are seeing the rupee making lifetime lows consistently and RBI does not seem to be holding the level. There is still a lot of money that FIIs have put into India and only a very small fraction of that has gone out. It will return when there is a durable peak of the dollar and they are sure of the rupee reaching a level.”

Gold futures on MCX dropped marginally, down 0.10 per cent or Rs 51 at Rs 50,771 per 10 grams. Silver futures traded lower, down by 0.45 per cent or Rs 272 at Rs 59,921 per kg.

The stock quoted a 52-week high of Rs 2587.95 and a 52-week low of Rs 1900.5.

EPL Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 4813.87 Crore) operating in Packaging sector.

The stock with a market capitalisation of about Rs 1,000 crore has been witnessing strong price action in the last week as well as on a one-month basis.

As of 31-Mar-2022, promoters held 49.5 per cent stake in the company, while FIIs held 28.23 per cent and domestic institutional investors had 0.69 per cent.

A total of 3,871 shares changed hands on the counter till 10:40AM (IST).

The global cryptocurrency market cap was trading at the $913.70 billion mark, dropping more than a per cent in the last 24 hours. However, the total cryptocurrency trading volume was flat, up by a per cent at $56.35 billion.

“The IT businesses which commanded great valuations and even banks are available at two times price to book, 1.8-2.5 price to book. How can these new age companies, where NASDAQ companies are getting crashed, would command this sort of a valuation premium? All these are leading to extended fall in these companies”