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Anshul Saigal, Founder of Saigal Capital, identifies multiple investment opportunities, particularly in pharmaceuticals, footwear, and banking sectors. Despite recent strong performances in large-cap stocks like Bajaj Auto, he advises caution due to high valuations. He stresses long-term gains despite market volatility and highlights significant growth potential in pharma distribution and niche manufacturing areas.

Tata Consumer Products is expected to see a 15% growth in second-quarter sales, driven by new businesses like Capital Foods and Organic India. Despite higher revenues, net profit may drop 5% due to increased depreciation and finance costs. Analysts predict mixed performances across different segments, with overall robust growth in some areas but margin pressures in others.

A total of 911 shares changed hands on the counter till time (IST).

On the technical charts, the RSI of the stock stood at 33.7.

In September 2024, over 30% of Alternative Investment Funds (AIFs) outperformed the Nifty50 benchmark, with Category II debt funds providing up to 14% returns. Top performers include Vivriti’s Emerging Corporate Bond and Northern Arc’s IFMR Fimpact funds, highlighting strong returns across both Category II and III funds.