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According to Hemang Jani, the possible impact of the Tata Technology IPO on Tata Motors has already been factored into the stock price. While the IPO is positive, investors should be mindful of double counting its impact. Tata Motors has performed well in recent months, especially in the Jaguar Land Rover and commercial vehicle segments. However, Jani suggests caution with auto ancillary stocks like Ceat and Apollo Tyres due to raw material prices and their recent run-up.

So over the years, one has learned that downside protection or downside risks are also there. But you also have the risk of exiting a position too early just because it has done very well in recent times.

Boasting at least 33% return this year, Mahindra Manulife Small Cap Fund, Franklin India Smaller Cos Fund, Bandhan Emerging Businesses Fund, Union Small Cap Fund and Nippon India Small Cap Fund top the list of best-performing funds.

Net profit at the maker of Pulsar and Discover brands rose to Rs1836 crore as compared to Rs1530 crore while revenue from operations at the firm during the quarter rose 6% year-on-year to Rs10,777 crore compared to Rs 10203 crore in the corresponding quarter.

Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 9.48 per cent and 11.79 per cent, respectively.

​We will see that August especially, when the rainfall was at a 100-year low, 36% deficit, that has derailed the rural recovery green shoots, which had started in Q1.

A total of 3,539 shares changed hands on the counter till 12:58PM (IST)

Nestle India reported a 37% increase in net profit for the quarter ending September 30, 2023, reaching Rs 908.1 crore. Revenue from operations also rose by 9.4% YoY to Rs 5,036.82 crore. The company achieved a milestone of crossing Rs 5,000 crore in turnover for the quarter and recorded a double-digit domestic sales growth of 10.3%. Nestle India announced a second interim dividend of Rs 140 per share and approved a stock split.

Medium-term investors can look to buy the stock on dips for a possible target of 3800-4000 in the next 3 months, suggest experts.

The stock traded at a P/E multiple of 9.67, while the price-to-book value ratio stood at 2.59.