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Two-wheelers, tractors, consumer durables, FMCG and fertilisers are some of the sectors that are favourably impacted by a good monsoon. All eyes will be on these sectors as the monsoon progresses next month, analysts said.

The Relative Strength Index of the stock stood at 28.95 on Friday.

“Absolute earnings continue to trend towards recovery in Q4FY22 and FY23. On a longer-term basis though it is encouraging to note that the continuous slide in corporate profits to GDP ratio has been arrested and the trend has likely reversed for the better,” SBI MF said in a note.

According to the data from BSE, a total of 98 brokers have surrendered their membership in the last two fiscal years.

Kotak Mahindra Bank Ltd., incorporated in the year 1985, is a banking company (having a market cap of Rs 385371.70 Crore).

The current market price of Motherson Sumi Wiring India Ltd. is Rs 62.3 Time period given by analyst is year when Motherson Sumi Wiring India Ltd. price can reach defined target. .

Further, Piramal Enterprises is not fit to acquire Reliance Nippon Life Insurance, which is on the block as part of the resolution process of debt-ridden Reliance Capital, due to Irdai restriction. This has also dented the sentiments for the stock.

As of 31-Mar-2022, promoters held 51.32 per cent stake in the company, while FIIs held 16.35 per cent and domestic institutional investors had 4.04 per cent.

Revenue from operation rose 37.72 per cent YoY to Rs 6,663.72 crore compared with Rs 4,838.5 crore in the corresponding quarter last year.​

“Infosys at a little above Rs 1,400 is a good level if we assume that their outlook is going to hold. Otherwise, the stock could fall a bit more. But it is difficult to time the bottom and people can start accumulating it now and do it slowly but wait for a bigger allocation till their next quarter results come.”