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Zee Ent. shares down 0.34% as Nifty gains

Updated at : 2023-01-09 13:25:03

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The stock quoted a 52-week high price of Rs 332.0 and low of Rs 200.5.

Within the Nifty 50 index, there are certain sectoral outperformers and laggards within the 10-year period. Nifty IT performed well in January for the most number of years (about six), while Nifty Metal was under pressure three times in the analyzed time frame.

“There are many businesses which have taken the path of sustainable long-term growth. Munger said something very nice; he said if there is going to be a test once every few decades, what matters is passing the test, longevity being the greater test of success and excellence. Once that is adopted, then you have growth as a tool to last that long rather than growth for the sake of it.”

Meanwhile, about 64 stocks are trading below their 5-year average P/E following the sharp correction in prices. Oil & Natural Gas Corp, Tata Motors, Hindustan Petroleum Corp, Tata Steel, Oil India, BEML, Info Edge (India) Biocon, Divi’s Laboratories, Laurus Labs, Aurobindo Pharma, Delta Corp, among others are the stocks in this category.

Paytm shares rally up to 4% on Q3 business update

Updated at : 2023-01-09 12:25:03

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Paytm said that its focus over the past few quarters continues to be on payment volumes that generate profitability for the company, either through net payments margin or from direct upsell potential.

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Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 12.81 per cent and 7.04 per cent, respectively.

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EBITDA margins are likely to show an uptick of 450 bps QoQ to 15.80% due to likely improvement in margins for GCC hospitals.

“The stock has recently risen after retesting the neckline of a rounding bottom pattern, and a bullish breakout was observed in mid-July 2022, which indicates the start of an uptrend. The breakout is confirmed as it was accompanied by higher volumes,” Omkar Patil, Technical Research Associate at GEPL Capital, said.

DLF rises 1.23% as Sensex climbs

Updated at : 2023-01-09 12:25:03

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The stock traded at a P/E multiple of 53.65, while the price-to-book value ratio stood at 2.59.

"In most of the advanced economies, inflation is between 2.5 to 4 times the historical average; in contrast in India, the latest inflation print also was at 5.8% and that is less than the historical average of 7%. So there is relatively lower inflation in the environment that we are in, together with 7% growth. In a global economy, which is going to be in recession, India, the fifth largest economy growing at 7%, cannot be better news for India and for the world."

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