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During these six months, the ratings upgrades-to-downgrades ratio by both credit ratings companies was nearly 2:1, i.e., for every two companies which were upgraded, one was downgraded. A ratio of one or more indicates more upgrades than downgrades, and is a positive sign for the economy and the corporate sector.

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Deepak Shenoy of Capital Mind suggests that investors wait to see how the demergers of Vedanta evolve before making a decision. He believes that the demergers may be a way for the company to sell off individual businesses to repay debt at the promoter group level. Shenoy is not a fan of the demergers, as he believes they are for the convenience of the promoters rather than the company itself.

After remaining net sellers from April to June, FIIs have poured in Rs 7,101 crore from July till September 15, at a time when management commentary and guidance from IT majors painted a stark picture for the sector, show NSDL data.

Nifty will likely remain in a range for the next few weeks or even months, while certain sectors such as auto ancillary, sugar, infrastructure, and power will continue to perform well. The banking sector, which was expected to outperform, has turned out to be the weakest sectorSo better avoid most bank stocks, except for select PSU banks and focus on the auto sector, particularly Maruti, Tata Motors, M&M, and TVS Motors. "

Stocks in focus: Adani Ent, Raymond and more

Updated at : 2023-10-04 10:35:02

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IRFC has outperformed not just Nifty50 which has given 13% returns, but has also left behind many of its peers by a huge margin, namely Ircon International (259%), RITES (42%), RailTel (106%), Texmaco (11%) and Titagarh Rail (65%). It is trailing Rail Vikas Nigam (RVNL) which has yielded 379% returns during this period.

The company also witnessed expansion in its customer franchise as of September 30, 2023, which stood at 76.56 MM as compared to 62.91 MM as of September 30, 2022. In Q2 FY24, the customer franchise increased by 3.58 MM.

From the Sensex stocks, Maruti, UltraTech Cement, Bajaj Finserv, Tata Steel, and HDFC Bank opened lower, while only Nestle India and HUL opened higher.

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