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​So what happens is that not only is the revenue per car going up but also the EBITDA is growing and because of this measure we expect the company to maintain its margins and also continue to grow at a heady clip.

​Both views proved to be false because in the initial stages of a new technology rollout there is a huge amount of coding that has to be done and nowhere on the planet can you do it better and cheaper than India.

​I also think, players like Tata Consumer will continue to do well. It is a food and beverage company, largely continues to expand. Last year, the distribution reach has gone up from almost 0.5 million outlets to 1.5 million outlets. HUL, by the way, is 10 million outlets.

GameStop posted its fourth consecutive fall in quarterly revenue on Wednesday and missed market estimates, as consumers dialed back non-essential spending in an uncertain economy.

Indian equity markets rallied ahead of the Reserve Bank of India policy outcome as investors anticipate a status quo. The S&P BSE Sensex gained 350 points to 63,000 levels, and the Nifty50 settled at 18,726. All sectors closed higher, with metal, realty, oil & gas, power, energy and FMCG indices all increasing by more than 1%. Varun Beverages shares dropped by 2.17% whilst Nestle rose by 3%. Stoxbox recommends investors avoid Torrent Power and Varun Beverages and buy Nestle India.

The stock traded at a P/E multiple of 78.15, while the price-to-book value ratio stood at 11.24.

On the technical charts, the RSI of the stock stood at 69.56.

The regulator also allowed taking insurance cover for invoicing facilities on the TReDS platform which would aid financiers to hedge default risks.

The Board of Titagarh Wagons is scheduled to meet on June 10 to consider and approve a proposal to raise funds by issue equity of shares or other securities including through preferential issue.

Oil prices were stable on Wednesday with Brent crude futures up 0.1% to $76.38 a barrel and US West Texas Intermediate futures up 0.2% to $71.85 a barrel. Despite a surprise cut in oil production on Sunday by Saudi Arabia of 1 million barrels per day (bpd), easing discrepancies in supply, growing concerns regarding slow global economic growth are putting a cap on prices. According to Hiroyuki Kikukawa, president of NS Trading, the market is reluctant to take new positions due to mixed economic indicators for China and the United States. The US Energy Information Administration claims that US crude oil production for this year will rise faster; however, reducing US crude stocks also helped the oil market on Tuesday.