As of 31-Mar-2022, promoters held 59.47 per cent stake in the company, while FIIs held 24.44 per cent and domestic institutional investors had 3.63 per cent.

The bearish projection comes at a time when earnings of TCS and Infosys have disappointed the Street. Both companies performed below par, and thus their stocks have seen some heavy selling in the last few days.

“In the near to medium term, the market environment is going to remain shaky. So will these stocks run away in the near term if you do not buy them now? I do not think so. Is it something one should look at from a longer-term perspective for riding out the nearer term challenges? Yes. But we will buy HDFC, HDFC Bank given the massive fall that they have had.”

“We fundamentally believe that Web3 is going to help India and add value to the current financial system with decentralised finance. The NFT space has also picked up, there are fundamental utilities for a better future. Given the direction in which we are moving, I strongly believe that India will eventually open up to crypto and safeguard it with regulations.”

Star Cement Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 3771.00 Crore) operating in Cement sector.

A total of 29,211 shares changed hands on the counter till 12:17PM (IST).

Majority of the brokerages including Jefferies, Morgan Stanley, JP Morgan, CLSA and Nomura have cut target prices on Infosys by 4-7 per cent after the fourth quarter numbers came in below expectations.

The Relative Strength Index of the stock stood at 50.57 on Tuesday.

The US dollar index, which measures the strength of the currency against six major rivals had strengthened past 101 on Tuesday, the first time that level was breached since March 2020. The index was last at 100.68 versus its previous close of 100.97.

Cigniti Technologies CEO Srikanth Chakkilam was quoted in reports as saying that the deal is an outcome of deep-rooted expertise encompassing functional, process, business and digital assurance services for large enterprise customers.