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Piramal Enterprises has sold its entire 8.34% stake in Shriram Finance via block deals, worth INR 4,630 crore, marking another significant deal in the financial services sector. Shares of Shriram Finance hit their fresh one-year high and were locked in a 15% upper circuit on NSE, while shares in Piramal Enterprises were up 12% in the opening trade. Shriram Finance has emerged as the largest non-banking financial company in India, with AUM of INR 193,730 crore, according to a Crisil report.

Varun Beverages, Pepsico’s second-largest franchise outside of the US, has seen a significant increase in share prices. The company is the only one belonging to the Nifty FMCG index that has garnered multibagger returns in just one year. Such strong figures have been attributed to consistent earnings growth upgrades, near-monopoly positions in the beverages industry, the expansion of distribution reach and executing capabilities. The company has recently commissioned a manufacturing unit in Bihar and has incorporated a subsidiary in South Africa to expand its reach further. Despite the bullish sentiment, some analysts remain cautious.

​We are a little overbought at these levels. 18,900, 19,000 is a point of resistance. So I do not think large caps are going to do anything special but this mid-cap, small-cap rally, I think, is going to continue.

I do believe that the last 18 months was all about playing 20-20 in the markets. You had to take those bets over few weeks to few months and if you did not get out, you were on the receiving end very-very quickly, so that was the last 18 months.

Kajaria Ceramics, incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 20788.61 Crore) operating in Building Materials sector.

There are three Gs available in India; growth better than peer group, governance standards which are better than peer group which reassures investors that if you make money it will stay with you, and finally the green transformation

The stock traded at a P/E multiple of 59.31, while the price-to-book value ratio stood at 2.34.

MarketSmith has a positive view on some stocks that it believes are near the buy point.

The rupee opened at 82.13 against the US dollar and fell 1 paisa to trade at 82.10 in early trade on Wednesday, due to an upswing in the greenback and FIIs withdrawing foreign funds from domestic equities. An increase in crude oil prices also pushed down the Indian currency. Forex traders believe the rupee may slip below 82.04, which could make 81.9 vulnerable again. Meanwhile, the BSE Sensex climbed 185.17 points to trade at 63,512.87, while the NSE Nifty advanced 38.75 points to trade at 18,855.45.

It could make a very significant difference. If you look at what Elon Musk has done in China, they can now produce cars under 45 seconds. So that is the kind of investment that they have made.