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The GDP growth and corporate results upheld much above the negative bias of the world, driven by stable domestic demand and consistent external orders. And this sanguine trend is expected to continue in Q1. Key high-frequency data from April to June has been robust like PMI, GST collection, Credit growth, and auto sales.

Last quarter, we had almost a 22% kind of upgrade in the estimates for ABB India. So, I would say yes, valuations have inched up because they are pricing in optimism and growth, up cycle growth, which typically happens 25% kind of CAGR in revenues, 30% CAGR in earnings.

As of 30-Jun-2023, promoters held 59.43 per cent stake in the company, while FIIs held 23.78 per cent and domestic institutional investors had 3.47 per cent.

A total of 72,722 shares changed hands on the counter till 12:34PM (IST).

​Remember, India buys $100 billion every year of imported defence equipment. The government is trying to get 30-40% of that back into India through offsets. So, a $30-40 billion domestic ordering will happen. We have met some of the companies who are supplying to the global Indian companies who are supplying to Lockheed Martin as part of an offset programme.

Avenue Supermarts, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 246016.18 Crore) operating in Retail sector.

Further, the NSE ordered the company to inspect all its existing authorised persons (APs) and submit reports on the inspection and investor complaints from the year before the order date.

The stock hit a 52-week high of Rs 828 on 9th November 2022 but it failed to hold on to the momentum. The stock formed a strong base above Rs 555 levels which also corresponds to the 52-week low recorded on 29th March 2023.

“Delta Corp is a small company and we do not have too many options when it comes to this entire category, the gaming and the casino and all that. Some people will find it quite attractive at this point, given that it has corrected almost about 25-30% from the high.”

I think we are seeing some sort of a revival in that sense in order bookings for IT companies. So when you talk about results for TCS, I think what we clearly saw that while the results were somewhat muted or moderate in terms of revenue growth but the TCV, the total contract value, was very strong at $10 billion plus.