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Kalyan Jewellers India Ltd has reported a 3.11% YoY drop in consolidated net profit to Rs 697.99 crore during Q4 2022-23 due to higher expenses. However, the total income during the period surged to Rs 3,396.42 crore, with expenses remaining higher at Rs 3,268.47 crore. The FY 2022-23 annual profit almost doubled to Rs 431.93 crore, while the total income increased to Rs 14,109.33 crore. The company also witnessed a boost in consumer demand, particularly around wedding purchases, and completed an excellent year with a maiden dividend announced for the shareholders.

​Fund Manager and CIO of ICICI Prudential, S Naren in an interview with ETNow gave his global and domestic outlook on markets.

Kalyan Jewellers India reported a consolidated revenue of INR 14,071 crore in FY23, a YoY growth of more than 30%, and a consolidated PAT of INR 432 crore. However, adjusted PAT was INR 457 crore for the year, as the firm divested certain non-core assets and incurred a one-time exceptional pre-tax write-off of INR 33 crore. Additionally, standalone revenue for the Indian market was INR 2,805 crore in Q4FY23, growing by 17% YoY. The Middle East region accounted for ~16% of the overall consolidated revenue of the firm.

The market capitalisation of all listed companies on BSE increased by Rs 96,187 crore to Rs 278.67 lakh crore.

It means two things; first is that if an investor has opted for a dividend payout plan, then whenever the mutual fund declares a dividend, the dividend will go to the investor. Now, there are so many old investments which have been made for which earlier the mutual fund used to send physical cheques

​Now, see, it is even easier to track these amounts. For example, I mean, mutual funds themselves put out details of which amounts are lying unclaimed with them. So, if you find that your amount has not been received by you, you can easily go and claim these amounts.

Prabhudas Lilladher has a buy call on Avenue Supermarts with a target price of Rs 4447, down from Rs 4561, following a disappointing margin performance. It has cut EPS estimates for FY24/25 by 4/5%. The company reported a total income of Rs 10627.18 crore for the quarter ended 31-03-2023, down 8.39% from the last quarter. The company has a total of 65 crore shares outstanding, and promoters hold 74.93% stake.

If I had to pick a stock within the banking space, there are couple of names one is Ujjivan Small Finance Bank. It looks very good on charts, even though the stock has run up in trade today but look at the volumes.

The Relative Strength Index of the stock stood at 61.55 on Monday.

​Now, with the current inflation data, there are very few people who are thinking that there could be a rate hike because of the language spoken in the last policy. They have also given up the rate hike situation. As far as rate cut is concerned, right now of course the easiest path is to follow what US is doing.