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Firms with high promoter holding stocks are considered to be safer to invest in, compared to those with relatively lower stakes.

Macrotech Developers, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 43939.15 Crore) operating in Real Estate sector.

The Rs 4,300-crore IPO, solely an offer for sale (OFS), will be available for public to bid till April 27. Investors can bid for 13 shares in 1 lot and in multiples thereof.

The stock traded at a P/E multiple of 95.28, while the price-to-book value ratio stood at 18.94.

"Last year was a goldilocks scenario and we are not expecting the same mid teen growth. We are expecting to maintain a slightly lower than mid teens growth in the banking system this year. But if that steady growth comes with no spike in credit cost and even if a little bit of margin hits takes place, even then banking earnings would be quite resilient compared to most of the sectors in the system. "

If you look at the Nifty FMCG index, we have posted a fresh all time high for the second week in a row and we are breaking out after a major consolidation of, I would not say major but a medium term consolidation of almost 14 weeks.

As of 31-Mar-2023, promoters held 59.45 per cent stake in the company, while FIIs held 23.11 per cent and domestic institutional investors had 3.91 per cent.

Zomato has been swamped with multiple concerns over its Blinkit business after the quick-commerce platform’s delivery executives went on a strike protesting the change in the company’s payout structure.

The buyback offer represents a premium of 109% on the closing share price on February 1. It is the day of sending intimation to consider and approve the proposed buyback sent to the exchanges.

"The Nestle India Q1 numbers are pretty strong and have proved to be beyond our estimates, primarily led by the broad-based growth across the different categories. As the management has highlighted, it has delivered a double-digit growth across categories. However, the confectionery growth has been even stronger than we expected. "