The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

The RBI lowered its GDP forecast for FY23 to 6.8% from 7%. This still is an impressive growth rate in comparison to our global peers. The RBI is strategically using this period of good growth for hiking policy rates so that the impact on growth is less visible. Having said Continue Reading

P/E (x) 2017: 18, 2022: 65RoE (%) 2017: 20, 2022: 23

Average assets under management (AUM) of the industry rose to ₹40.49 lakh crore from ₹39.53 lakh crore in the previous month, largely on account of mark-to-market gains due to rising equity markets.

Airtel’s AGR (including NLD) market share, commonly known as RMS rose 83 basis points (bps) sequentially to 36.3% in the September quarter. Jio’s on-quarter revenue share gain was lower at 56 bps to 41.4%, while Vi’s slipped 20 bps sequentially to 17.5%, financial data put out by Trai showed.

The action follows a detailed corporate governance review by the company’s board into allegations of lapses and misdoings during the tenure of Grover as managing director.

The proposed IPO will value the retail chain at Rs2500 crore, sources said. About Rs300 crore will be raised as primary capital while Rs400 to be raised through a secondary share sale.

AIFs may accept commitments from a government or government-related investor that does not meet the signatory condition, if the investor is a resident in the country as approved by the Indian government, Sebi said.

Analysts said traders must refrain from building bullish bets on IT stocsks as the sector may continue to see more pain over the next three months to one year due to bleak revenue growth prospects that may curtail tech budgets and IT spending.

Representatives of the the Forum for Trade Justice, a national network of more than 100 organisations, has expressed concern that the FTA could have serious repercussions for India’s development and undermine livelihoods across multiple sectors.