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​So they have two-three years of order book and over the next two-three years they are going to add on to this order book. For the next, I can safely say for the next three years railways business wise is looking good.

Exide Industries, a part of the auto component space, hit a 52-week high in June with a breakout from a bullish Pole and a Flag pattern on the daily charts, implying that the bullish bias will continue. Short-term traders are advised to purchase the stock on dips or now for a potential target of Rs 225 in the next three to four weeks. The stock is trading well above short and long-term moving averages on daily charts, indicating a positive sign for the bulls. The bullish trend is expected to continue, and the overall chart structure suggests a move toward 225 zones with a stop loss below 202 levels.

APL Apollo Tubes, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 32325.68 Crore) operating in Metals - Ferrous sector.

The stock quoted a 52-week high price of Rs 1073.9 and a 52-week low of Rs 708.6.

A total of 46,215 shares changed hands on the counter till 01:21PM (IST)

On the technical charts, the RSI of the stock stood at 75.81.

A non-performing asset (NPA) is a loan or advance for which the principal or interest payment remains overdue for a period of 90 days.

Promoters held 50.05 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 10.06 per cent and 8.9 per cent, respectively.

​So therefore we feel that injectables is probably a place where there is still more competition to come and pricing will eventually normalize in the injectable space in the US generic market.

I believe flows globally will accelerate into equities. So very difficult to concisely explain many of the reasons but I think there are several drivers which are good for overall emerging markets and especially India.