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​If our GDP and per capita is going to pick up, it is not going to be the FMCG space which will earn, it is going to be the discretionary space and obviously the finance space which is going to earn so that is where our more concentration is rather than on this space.

Buy Blue Star, target price Rs 1600: JM Financial

Updated at : 2023-05-10 14:20:01

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Blue Star, incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 13619.75 Crore) operating in Consumer Durables sector.

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The stock quoted a 52-week high of Rs 1530.75 and a 52-week low of Rs 1005.7.

I think we expect the ceramics margin to stay and probably slightly improve. Electro mineral margin is also likely to stay. Abrasive margin is likely to improve because we will be doing better post this acquisition, so we will be doing better.

Voltas shares up 0.22% as Nifty gains

Updated at : 2023-05-10 14:20:01

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A total of 12,345 shares changed hands on the counter till time (IST).

​However, the base at the lifestyle business is already quite large so that is one on the growth path. Second thing, you see the whole corporatization value and you see that an investor of what we had today was in the Raymond Limited you had both the businesses of lifestyle and real estate. Now both are separate, so you have a very pure play net debt free listed entities.

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Promoters held 31.26 per cent stake in the company as of 31-Mar-2023, while FIIs owned 20.55 per cent, DIIs 27.6 per cent.

Balu Forge Industries Limited (BFIL) reported over 43 per cent jump in its consolidated net profit at Rs 15.24 crore in the March 2023 quarter, boosted by higher income. It had reported a net profit of Rs 10.63 crore in the same quarter a year ago, the company said in a BSE filing on Tuesday. The total income of the company surged to Rs 12,4.33 crore in the quarter from Rs 87.49 crore in the year-ago period.

Buy ABB India, target price Rs 4100: JM Financial

Updated at : 2023-05-10 13:20:01

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ABB India, incorporated in the year 1949, is a Large Cap company (having a market cap of Rs 80844.10 Crore) operating in Engineering sector.

​HDFC Bank is one of our favourites. Probably that is the only bank which we have been holding from the day we started our fund, which is Helios Fund in 2005 itself.

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