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The average retail investor ticket size in mutual funds dropped by 3% to INR68,321 in March from the previous year, according to data from the Association of Mutual Funds in India. Conversely, institutional investors had the highest ticket size in that period, with INR10.11 crore ($1.34m) average per account. The average holding period of equity assets is higher, while equity-oriented funds averaged INR1.54 lakh, compared with INR14.53 lakh for debt-oriented schemes. However, the number of investors in the industry has increased steadily each year since December 2014, reaching 14.57 crore at the end of March.

The Board has recommended a dividend of Rs 10.00 per equity share. Segment-wise, the total income of the jewellery business increased 24% to Rs 7,576 crore in the January-March period and the India business grew 21% during the same period.

It stated that the company has redeemed early FCCBs worth USD 35,931,200 due in 2032.

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The Securities and Exchange Board of India (SEBI) recently moved an application in the top court seeking six more months for ascertaining possible violations related to misrepresentation of financials, circumvention of regulations and/or fraudulent nature of transactions, and completing the exercise.

LTIMindtree, incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 133061.09 Crore) operating in IT Software sector.

Havells India reported Q4 profit of INR 3.62bn ($44.28m), up 2.5% YoY, as strong sales of air conditioning units helped to offset the negative effects of unseasonal rains and a delayed summer, which analysts had predicted could hurt demand. Lloyd, its consumer-facing segment, saw a 32% YoY rise in revenue to INR 12.64bn.

Analyst Shilpa Rout suggests buying Oracle Financial Services Software (OFSS) and Chambal Fertilisers on dips. OFSS has been consolidating above Rs 3,600 and is expected to reach targets of Rs 3,700 and above with a stop loss of around Rs 3,620 for intraday. Chambal Fertilisers is experiencing a good breakout and can be bought with a stop loss of Rs 280, targeting Rs 325-330 zones. The market is expected to remain bullish, with minor dips presenting buying opportunities.

Rakesh Arora of Go India, predicts a moderate outlook for the cement and steel sectors beyond Q1 of this year. A lack of price discipline and the emergence of new competitors such as Adani Cement could hamper pricing, leading to a potential disappointment in the cement industry if companies continue to push towards volume over pricing. While cost pressures are reducing and margins are improving due to cost reduction, the picture for steel remains uncertain due to global demand risks and dropping steel prices in China.

On the technical charts, the 200-day moving average of the stock stood at Rs 4589.08.