The government data also showed that the Index of Industrial Production has risen 11.9% year-on-year for the month of August as against 11.5% in July.
ICICI Securities projected that the revenue of IEX may increase by 30.80% CAGR to Rs 712 crore by FY24.
Ajit Mishra of Religare Broking is positive on Amara Raja Batteries with a target price of Rs 810
Indian equity benchmarks ended in red on Thursday led by banking and metal stocks. Today, the markets are likely to make a gap-down start on weak glob
Robust liquidity, positive global cues, the rapid pace of vaccination, better-than-expected Q1 earnings and fall in Covid cases supported sentiment.
Overall, profit of the company has grown 19% annually during the past 10 years, while revenue has increased by nearly 12% CAGR during the same period.
Consolidated net debt of top 10 listed developers in India (ex-REITs) has come down by 37% to Rs 27,400 crore between Mar 2020 to Jun 2021
Volatility in the market will definitely increase and investors have to closely keep an eye on their new bets.
Overall, as many as 44 companies have soared more than 500% amid the ongoing recovery.
Any correction would be short-lived and used as an opportunity to increase sub-optimal equity exposures.
