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Cello World Ltd. key Products/Revenue Segments include Domestic Appliances, Export Incentives and Scrap for the year ending 31-Mar-2024.

The profits of 40 Indian companies have plummeted by more than 50% in the June quarter, primarily due to higher raw material costs and unfavorable base effects. Notable names like Allcargo Logistics and Rajesh Exports saw drastic declines. Analysts suggest cautious investment strategies amid high market valuations and slowing profit growth.

On August 22, the closing prices of three stocks from Nifty500 dropped by more than 2.4% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.

The Adani Group, led by billionaire Gautam Adani, sold 2.8% of its stake in Ambuja Cements for Rs 4,200 crore, prompting a 4% rise in the stock. The group now holds a 70.33% stake in the company. Ambuja recently acquired Penna Cement at an enterprise value of Rs 10,422 crore, boosting its market share in southern India.

On August 22, four Nifty50 stocks were identified in the RSI Trending Up scan by stockedge.com, indicating an uptrend as their RSI values crossed above 50 from below.

The BSE Sensex was trading 42 points, or 0.05%, lower at 81,009. The Nifty50 was down 7 points, or 0.03%, trading at 24,803 around 9:19 am.

Nykaa shares have surged 20% in one month, driven by a Rs 13.64 crore profit for the first quarter of June 2024 and a 23% rise in revenue. Analysts suggest the stock could reach Rs 250+ levels. Investors are advised to monitor key price levels and stop loss points.

The management strategy of expanding across various formats, expanding its food delivery, TajSATS. So, I think strategically they are doing very well and now the big focus only on managed hotels is working well for them. Stock is not cheap at these valuations at all.

Devang Mehta, Director-Equity Advisory at Spark Private Wealth, suggests a balanced investment approach, focusing on sectors related to capex, consumption, and credit growth. Highlighting companies like Trent, Titan, and Timken India as strong prospects, he emphasizes the strong performance of discretionary consumption, infrastructure, and defence sectors for a promising financial outlook.