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On Wall Street, the tech-heavy Nasdaq touched an over eight-month high on Wednesday, boosted by a slightly lower-than-expected increase in April inflation, which spurred hopes of the Fed pausing its rate-hike cycle in June.

The stock traded at a P/E multiple of 45.15, while the price-to-book value ratio stood at 7.01.

Market leadership in an underpenetrated online matchmaking segment will augur well for the company.

Financial literacy is a growing concern in India, and both parents and schools must take action to address it. Parents can lead the charge by being a role model, engaging children in financial decision-making, using tools and resources to teach financial concepts, encouraging saving and investing, and discussing financial goals with their kids. Lack of budgeting, unnecessary debt, and making rash investment decisions are some of the issues that effective financial literacy can address. By promoting financial literacy within the family, parents can instill healthy financial habits and provide tools for greater financial freedom and stability.

We per se have overweight on financials, the largest sector. We were marginal overweight on IT and I think a lot of times these Fed rate peaks, historically we have seen that also leads to some return of interest in IT given the underperformance that they have seen, it is a mild overweight that we have, so that is a second one.

The company is a key beneficiary of advertising shift to digital medium and healthy growth in converted users.

Adani Transmission and Adani Total Gas are expected to be demoted in the MSCI Global Standard Index from May 31, resulting in outflows of $122 million and $84 million, respectively, according to a Nuvama report. Zomato, on the other hand, will see its weightage in the index increase with inflows of $19 million.

The brokerage values the stock at 35x P/E FY25E EPS and revises its target price to Rs 440.

The Bombay Stock Exchange (BSE) placed Veronica Productions Ltd under the third stage of the graded surveillance measure (GSM) framework after Sebi issued directions for shell companies. Trading in securities of the company will continue to remain suspended until further notice. The GSM framework has six stages, with surveillance action defined for each stage. Securities placed under it will be reviewed quarterly, and securities not meeting the inclusion criteria will be moved out of the framework. The GSM measures prevent abnormal rises in stock prices that are not commensurate with companies’ financial health.

So since we try to capture both legs of the data, we see opportunity also like you look at today also, some of the stocks have corrected sharply since I talked about the impact.