As of 30-Jun-2021, promoters held 49.95 per cent stake in the company, while FIIs held 13.68 per cent and domestic institutional investors had 2.52 per cent.
“The trend that we called on the multi-year cycle of technology upgradation is something what is “gaining conviction and becoming more and more broad-based and that is reflected in our own numbers.
A total of 368,209 shares changed hands on the counter till 01:05PM (IST)
Promoters held 54.9 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 17.84 per cent and 11.71 per cent, respectively.
RNESL will acquire the stake in a series of transactions including fresh issue, share buying from promoters and shareholders and an open offer.
“For the top four, five Indian IT services companies, their main challenge will be to get enough workers. The challenge will be if they can protect operating margin from labour costs escalating as finding workers gets harder and harder?"
The Nifty Pharma index was trading 0.55 per cent up at 14594.95.
â€There is a huge move towards professionalising companies, there is a huge move towards giving credence to the return on equity perspective. â€
Bitcoin was up more than 3 per cent, whereas Polkadot tanked over 6 per cent.
"We like Godrej Consumer -- part of FMCG, a low beta sector, and also the stock has corrected over the last two months by about 15%. "
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