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The buoyant market conditions will continue, says Dipan Mehta, Director at Elixir Equities, and predicts a trend of vibrant IPOs, new listings and preferential issues. Mehta considers buybacks a way for managements to boost profits at a time when global macroeconomic trends may impact performance, but warns against investing in Tata Motors, one of the most volatile stocks on the Nifty 50, because of a break-even point for JLR that is too high, cash flow risk and difficulty with risk determination.

"Replacement and international business are looking good with good product - market fit. Our product performance continues to get accepted as superior across key geographies," CEAT Ltd Managing Director and Chief Executive Officer Arnab Banerjee said.

​If you look at quarter-on-quarter however, my main business, which is mutual fund distribution business, has been doing very well. And if you look at overall on a YOY basis, I think my asset under management, which has gone up by almost 35%. And we ended the June quarter at 63,000 crore.

The Relative Strength Index of the stock stood at 52.74 on Wednesday.

In its previous guidance, the committee had said that it will take into account the cumulative rate hikes, and the lags with which they impacted economic activities and inflation. While the rate action has been largely factored in by market participants, the forward guidance on rate trajectory is what will matter more to them.

The fraud was committed over a period of time and detected on July 24, 2023, Can Fin Homes said. The incident was found to be isolated to its branch in Ambala, Haryana. At 11.15 am, the stock was trading 7.8% lower at Rs 784.5 on BSE. However, the stock has surged 44% in a year-to-date.

Asian Paints on Tuesday reported a 52.5% year-on-year (YoY) rise in consolidated net profit for the quarter ended June to Rs 1,550.37 crore. Consolidated revenue from operations increased nearly 7% YoY to Rs 9,182.31 crore, but was lower than the estimated Rs 9,358 crore.

A total of 5,489 shares changed hands on the counter till 12:27PM (IST)

They see a strong potential for value unlocking in these companies, which includes Havells India, Century Plyboards and Titagarh Rail Systems, with a targeted upside of up to 47%.

The company opened 30 new stores in India, resulting in a network of 1,891 stores across all brands. With the addition of 23 new stores and entry in one new city, Domino’s India expanded its network strength to 1,838 stores across 394 cities.