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​Having said that, I think it is going to be a good year and also we have been very busy with improving and revamping our offering as we speak.

“My first pick would be eMudra Limited. This is a play on the digitalization space. The stock can be bought at current levels with Rs 475 as a stop loss and Rs 530, 550 as a target on the upside. The second pick would be Colgate Palmolive, one of the defensive names showing strong action. This can be bought with a stop loss of 1,980 on the downside.”

The IPO comprises a fresh issue of 55 lakh shares and an offer for sale of 37.2 lakh shares. Under the OFS, promoter Credence Financial Consultancy will sell 37.2 lakh shares.The issue is priced in the range of Rs 151-166, where investors can bid for a minimum of 90 shares in one lot and in multiples thereafter

A total of 8,187 shares changed hands on the counter till 02:10PM (IST)

EPS is an important financial measure, which indicates the profitability of a company. It is calculated by dividing the company’s net income by its total number of outstanding shares

There are a lot of similarities. The old economy stocks are coming back. There is massive infrastructure spend which is taking shape through metros, through road, rail, airport infrastructure and there are early signs of capex and a lot of private capex picking up.

The S&P BSE MidCap Index has risen more than 20% this year, surpassing a 7.4% gain in India’s equity benchmark. It is trading at 24 times on earnings-based valuation versus 19 times for the Sensex index, according to data compiled by Bloomberg.

Hybrid funds strategically distribute investments across both equity and debt, with the aim of achieving a delicate equilibrium between risk and reward, while enhancing the overall investment returns

“According to our meeting with the index provider, India is keen on that inclusion even though it may not appear so to the outside,” Sabrina Jacobs, a senior client portfolio manager for emerging-market fixed income at Pictet Asset Management SA, said in an interview. “We are looking at mid-2024 as a start for the inclusion and then a phase in.”

“The manufacturing pack is up for good times. A lot of reforms have happened in the last five to seven years which have benefited the manufacturing companies. I think a lot more will be done in terms of reforms. So, manufacturing is one great place where a lot could happen.”