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Moratorium was opted for by 73% of customers; company hasn’t opted for any moratorium: Magma FinCorp
Porinju’s Equity Intelligence cuts stake in this paint company
Equity Intelligence India, the portfolio management firm owned by Kochi-based investor Porinju Veliyath, cut stake in Shalimar PaintsNSE 1.14 % to 1.66 per cent during the April-June quarter. Latest shareholding data showed that Equity Intelligence offloaded 1 lakh shares of the company during the quarter. It held 10 lakh shares, or 1.84 per cent, stake in Shalimar Paints as of March 31.
For the day, we expect the USDINR (Spot) could quote in the range of 74.40 and 75.05: MOSL
“Weakness in domestic equities after rallying in the past few sessions could keep gains capped for the rupee. We also expect that the RBI could intervene and keep the rupee weighed down against the US dollar. For the day, we expect the USDINR (Spot) could quote in the range of 74.40 and 75.05,” brokerage Motilal Oswal Financial Services said.