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The brokerage believes AL is well placed to benefit from the CV cycle recovery theme and we estimate its M&HCV volumes to grow at a CAGR of ~28% in FY22-FY24E, with market share reaching ~31% inFY24E.

​In Q4FY22, Indigo has largely maintained volume market share in paints with low single digit volume growth but improved EBITDA margin by 180bps (likely reduction in ad-spends).

NTPC is planning to add 11GW of capacity by FY24-end. Focus continues on addition of large-scale RE capacity, battery storage, green hydrogen and waste-to-energy projects, although the current environment is favouring further brownfield coal capacity addition (NTPC is in advanced stages of adding further 6GWof thermal capacity).

​Despite non-available RM issues, input-price volatility and supply-chain disruptions, Neogen’s FY22 revenue/EBITDA/PAT grew 45%/35%/42% y/y. We expect 27%/31%/43% CAGRs over FY22-24, driven by high-value added products, sharper focus on its CSM business, ramping up organic chemicals capacity and strong demand for pharma and agro-intermediates.

"The key issue is on the supply side, and that would have bigger impact on market expectations (that India could offset disruptions caused by the Ukraine-Russia conflict)."

A total of 195,400 shares changed hands on the counter till 01:49PM (IST).

Export duty on iron ore has been hiked to 50 per cent across all grades from 30 per cent for lumps, while that on pellets has been imposed at 45 per cent from nil earlier, making exports unviable. The development, seen as extremely negative, has brought in broad-based multiple de-rating for the sector stocks.

Bharat Vivek, Co-founder and COO, Kassio, said investors can look at yield-based crypto products, which give users a fixed per cent interest earning on their crypto holdings. Such products will gain more popularity going ahead, he said.

MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average called the ‘signal line’, is plotted on top of the MACD to indicate ‘buy’ or ‘sell’ opportunities.

“In an inflationary scenario, where commodities are doing pretty well, interest rates are going up in a stock market correction rather than going down, the valuation multiples of high price to earning kind of stocks is actually correcting. That means the traditional defensives like FMCG do not work all that well and that is creating a lot of dilemma in fund managers vis-a-vis what can protect capital.”