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I do not think that at 3%-4% inflation rate which is by and large stable or at least continuing on a downward trend can become that big of an effect.

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BofA earlier expected the terminal rate to be held at the current 5%-5.25% range, but the change in forecast comes after the Fed kept its key rate unchanged in the 5%-5.25% on Wednesday, but signaled two more hikes might be needed in 2023 to tame inflation.

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Promoters held 63.9 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 26.0 per cent and 2.71 per cent, respectively.

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The stock has given a rounding bottom breakout.

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Hindustan Copper, incorporated in the year 1967, is a Mid Cap company (having a market cap of Rs 11212.64 Crore) operating in Metals - Non Ferrous sector.

​So I believe that a stimulus package will be necessary to reverse the bearish outlook in China and to support the real economic activities. Otherwise, it will just in a cycle that the residents have a bearish outlook and refrain from getting more consumption. So I think, yes, we need a game changer for the Chinese government to reverse the recent bearish outlook.

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According to a report by ICICI Direct, these were the most bought and sold stocks by mutual fund houses in May 2023

Buy JM Financial, target price Rs 95: ICICI Direct

Updated at : 2023-06-15 11:45:02

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Given the diversified business segment, the brokerage values JM using SOTP valuation andvaluing business segments individually, it arrive at a target price of Rs 95 (10.7xFY25E consolidated EPS) and assign BUY rating to the stock.

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Bain Capital is believed to have cut its stake in Axis Bank, selling 22.5 million shares at a slight discount to the Wednesday closing price, according to The Economic Times. Bain has now cut its 0.75% stake, although the price range means the US investment firm would make up to $267m from the sale.

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​If I look at 10-year average in terms of PE multiple it is still trading at PSU as well as private. So I think banks will continue and if we look at Q4 earnings as well, I think the two sectors showed very good performance, was obviously financials and followed by autos and we have seen that autos have come back and we have seen that most of the auto stocks have rallied.

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