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Baazar Style Retail’s shares debuted flat on the bourses but closed 3% higher on Friday. The company, expanding rapidly with 162 stores, holds 3% market share in West Bengal and 2.2% in Odisha. Analysts view it as a promising medium-to-long-term investment despite competition and debt.

The Sensex dropped over 1,000 points during intraday trading today, potentially marking its fifth significant decline of 2024. ETMarkets analysis revealed nine BSE500 stocks have fallen more than 35% from their 52-week highs amid this downturn.

Rakesh Arora of Go India Advisors explains the shift from PSU banks to private banks due to the maturing banking cycles and better management. He highlights the role of solid fundamentals and macroeconomic improvements in driving market growth, while also noting positive trends in domestic-focused sectors and the pharma industry.

Promoters held 50.05 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 5.65 per cent and 15.72 per cent, respectively.

The stock traded at a P/E multiple of 13.0, while the price-to-book value ratio stood at 1.55.

​I think in the short term they remain to be under pressure, no doubt about that. But we believe I think there is a long way to go for PSU banks. Definitely in the near-term there will be pressure, but yes, from the medium-term perspective one should definitely look for buying opportunity for most of these largecap stocks.

Investors stayed cautious ahead of a key U.S. jobs report, which could influence the pace and magnitude of upcoming interest rate cuts by the Federal Reserve.