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PEL has been established with an authorized and paid-up share capital of Rs 10,00,000, consisting of 100,000 equity shares of Rs 10 each. KCL will own a 50% equity stake in PEL, while the remaining shares will be held by Praneetha Ventures.

Foreign investors continued to offload Indian stocks, with the IT and consumer goods sectors experiencing significant selling in March. Concerns over the U.S. and Indian economies led to $3.5 billion in net sales, causing substantial declines in key indices. Recent policy measures failed to attract investors.

JM Financial has issued a buy recommendation for Baazar Style Retail with a target price of Rs 400. The brokerage forecasts substantial growth in revenue, profitability, and return on equity over the next few years, driven by store expansion and improving financial metrics. Promoters hold a significant stake, and the stock is trading at a discount, indicating potential for re-rating.

Pashupati Advani highlights the potential in new-age tech stocks such as Zomato, Swiggy, and Paytm after recent corrections. He also suggests considering traditional industries like infrastructure, steel, and cement supported by government spending. Defence companies are recommended due to global tensions. He advises caution with IT stocks due to uncertainties in US policies and AI advancements.

As macroeconomic uncertainties, interest rate movements, and global trade tensions shape market sentiment, Ambit has increased its allocation to defensive sectors like FMCG and healthcare.

Small & mid cap (SMID Cap) universe almost exclusively captures few themes which benefit from India’s transition through reforms, policy changes, vast demographics with rising incomes etc.

We broadly pick the top 20 companies from each of these five sectors: industrials, financials, exports, consumer staples, and consumer discretionary. When selecting them, we look for four key factors.

China has kept its benchmark lending rates steady for the fifth consecutive month in March, as expected by the market. The one-year loan prime rate (LPR) remains at 3.1%, and the five-year LPR stays at 3.6%. Most new and outstanding loans in China are based on these rates, influencing economic activities and mortgages.

Wall Street surged with investors expecting the Federal Reserve to cut interest rates further this year. This follows a forecast of lower growth and higher inflation. Despite fears of stagflation, investors believe current inflation is temporary. Treasury yields fell and the dollar cooled. Federal Reserve s Chair Powell reassured that long-term inflation expectations remain anchored.