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As of 31-Dec-2021, promoters held 60.51 per cent stake in the company, while FIIs held 11.3 per cent and domestic institutional investors had 1.15 per cent.

ET had earlier reported that the cabinet could take up as soon as next week a proposal to allow foreign investment in LIC, to help facilitate the initial public offering of the state-owned insurer.

“In terms of percentage gain, a good quality company where once this entire Covid thing goes away or reduces, there is going to be a huge revival are the cinemas. So INOX Leisure remains a good idea and at Rs 400, it has the potential of a 50% return till the next Budget.”

Analysts noted that a tax hike on cigarettes is a possibility as there have not been any hikes for the past two years. If the potential hike is in double-digits, it would be negative for cigarette companies, Edelweiss said in a note.

Most economists peg the fiscal deficit target for the next year at around 6 per cent of GDP down from 6.8 per cent of GDP projected for the current financial year

“The temptation would be to consolidate aggressively but at the same time, the best way to get debt to GDP down is to basically grow nominal GDP faster.”

The company’s scrip fell to a low of Rs 498.65 as against the previous close of Rs 517.75 on the National Stock Exchange. The stock was last trading 2.8 per cent lower

A total of 12,309 shares changed hands on the counter till 10:51AM (IST)

Dalal Street will be eyeing a clear roadmap for privatisation of public sector banks, announcement on scaling up asset reconstruction companies and setting up of central bank digital currency among others when the government tables its Budget today.

Home buyers are expecting the limit of home loan interest for tax rebate to be raised to Rs 5 lakh from Rs 2 lakh at present