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“We understand that compounding our investors’ portfolio returns in the long term involves capitalizing on diverse investment opportunities, including hedging against market risks. In India, the opportunity for alternates is untapped and has immense potential for growth, with the total market size poised to grow beyond $50 billion,” Sunil Rohokale, Managing Director & CEO, ASK Group, said.

L&T Tech on Tuesday reported that its revenue from operations for the quarter ended September jumped 5% year-on-year to Rs 2,387 crore as against Rs 2,282 crore in the second quarter of last year. The interim dividend will be paid to equity shareholders of the company whose names will appear in the register of members or in the records of the depositories as on October 27, which is the record date

Stocks that were in focus include names like KIOCL which was up 20%, Karur Vysya Bank rose more than 4% and Tata Consumer Products pared gains after hitting all-time high to close flat.

​And lastly, last year, we have just added one more geographical area in the state of Tamil Nadu, which is Namakkal and Trichy. On a volume share front, Banaskantha contributes to around 40% and 55% of volumes come from Fatehgarh Sahib and Diu and Gir Somnath is also contributing around 5%.

“In the largecap defensive universe, ITC is the most defensive stock. Pretty much all their businesses are firing and the FMCG business has actually surprised a lot of people on the growth and the margins that they have generated and they continue to do. We do not have a short-term call on ITC. We believe that with about a 4-5% allocation in the portfolio, we are happy to hold it.”

In a day marked by notable market activity, several largecap stocks achieved significant milestones by reaching new 52-week highs on October 17.