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So, 2019 was one of the best years India had prior to COVID. Then COVID happened and now in 2023 we have had a remarkable recovery.

Our growth can largely be attributed to the strong volume growth we achieved in our wires and cables business on the back of sturdy demand from government-led initiatives as well as private sector-driven demand.

UK-based Abrdn Investment Management has sold its 2.18 crore shares in HDFC Asset Management Company for 126 times the price at which it acquired them in February 2018. The stake sale was conducted at a price of between INR1,800 ($24) to INR1,892.45 per share and following the deal, the shares of HDFC AMC surged by nearly 9% on the National Stock Exchange. This is the second equity sale by Abrdn in the HDFC-owned company. Last month, it sold its entire stake to private insurer HDFC Life via open market transactions.

Family offices need to be adept at managing investment risks and meeting long-term return expectations in a volatile and complex market with heavy geopolitical risks. Garnering strategic market intelligence is crucial to make informed decisions based on trends and scenario building through data analytics and risk monitoring. With each pool of capital having varied objectives, strategic market intelligence becomes even more important as it enables better-informed decisions to help minimise risks and maximise returns. Advisors with research and portfolio analytics can help devise investment portfolios to ensure efficient expense management, institutional-level fees, and tax planning.

Promoters held 46.64 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 11.7 per cent and 0.01 per cent, respectively.

The article highlights the top 10 Nifty 500 companies that are currently trading at a significant discount of 30% or more from their 52-week highs, offering potential investment opportunities for investors. The companies include Laxmi Organic Industries, Mahindra Logistics, PVR INOX, and Rajesh Exports, among others. Investors should conduct thorough research and evaluate financial fundamentals before making any investment decisions. Analyzing these discounted stocks can potentially uncover hidden gems with long-term growth and value appreciation.

Several BSE Small Cap stocks have reached 52-week highs, reflecting positive market sentiment towards their growth prospects. Leading the charge are companies such as Centum Electronics, Dixon Technologies, Engineers India, and HPL Electric & Power. The upward trajectory suggests increasing investor confidence in innovative solutions, strong industry expertise, and sustainable business models. Nonetheless, potential investors are advised to perform additional research and analysis of financial fundamentals before making any investment decisions.

“The first buy recommendation is on Metropolis. This stock has provided a breakout from multiples showing resistance. It has formed a good rectangular or a good consolidation base formation at the lower end after falling quite a lot. NMDC is the other candidate which is seeing short covering in this sideways or downtrend market. ”

Several stocks in the BSE Midcap category are close to their 52-week highs, displaying potential for growth and possible breakout levels. Shriram Finance, Mahindra & Mahindra Financial Services, Cummins India, Exide Industries, REC, and Ashok Leyland are prominent players exhibiting strong momentum and showing promising performance. Each stock has a diversified portfolio and expertise in their respective industries, making them an attractive choice for investors.

The stock quoted a 52-week high price of Rs 5360.65 and a 52-week low of Rs 3834.0.