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Domestic brokerage firm Axis Securities is positive on a few midcap stocks, which can rally up to 15% in 2023.

The stock traded at a P/E multiple of 30.93, while the price-to-book value ratio stood at 0.0.

This spelled tighter supplies in the next four months as markets expected a supply cut only up to October. Oil is the biggest import for India and any spike in oil price will widen the Current Account Deficit, Bhansali said.

Five-Star Business Finance, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 21006.79 Crore) operating in NBFC sector.

The $19 trillion Chinese economy is decelerating fast. There are some fundamental issues dragging the Chinese growth down. China’s population has peaked and has started declining. An economy with a declining population cannot sustain long-term growth above 3 percent. This is a lesson from economic history.

"Investors who had conviction in equities, who have stayed with their SIPs and invested in stocks for the last two-three years, have all been rewarded with handsome returns and that certainly means more and more money will come to the equity market over the longer term at the expense of other financial assets. It is a very good trend."

As of 30-Jun-2023, promoters held 0.0 per cent stake in the company, while FIIs held 34.99 per cent and domestic institutional investors had 37.49 per cent.

Jio Financial Services shares ended in the red on Tuesday. On Monday, the stock hit its all-time high of Rs 267, surpassing the constant price of Rs 261.8 at which it made its entry into key indices on July 20 for the temporary period.

The Adani Group’s flagship company has given 41% returns so far in FY24 and is one of the best-performing stocks in the index. Despite this, the stock is still about 70% away from its 52-week high of Rs 4,190, touched in December 2022.

Market data shows that the share of retail participation in the cash segment (turnover) has declined while it has increased in index options (premium). Retail traders now contribute about 35% of the turnover in index options premium as compared to 22% in 2016.