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As of 31-Mar-2023, promoters held 0.0 per cent stake in the company, while FIIs held 14.73 per cent and domestic institutional investors had 14.41 per cent.

Yes, so Bharti numbers we feel were quite okay. The revenue growth was in line, barely about 1% growth but the big concern that we see is that there is a significant decline in the free cash flow almost about 7 billion from 48 billion that they reported three to four quarters back

I think, though there is a little bit of reluctance to enter because of the way the market has run up, I think given the momentum in the mid-cap category, people are participating

Gold prices in India have risen marginally due to fears about a US default due to the debt ceiling crisis. June Gold futures rose 0.24% to trade at INR 60,387 ($824.32) per 10 grams, while July Silver futures rose 0.11% to trade at INR 72,668 per kg. On the Comex, gold futures rose 0.11% to trade at $1,995.10 per troy ounce, while silver futures rose 0.18% to trade at $23.935 per troy ounce. However, better than expected US economic data could cause gains from the debt-ceiling crisis to neutralise.

The Nifty Realty index was trading 1.62 per cent down at 464.45.

The stock traded at a P/E multiple of 61.96, while the price-to-book value ratio stood at 34.39.

Indian mutual funds increased their holdings in midcap and smallcap stocks across various sectors following the recovery that the domestic equity market saw in April. The S&P BSE Midcap and Smallcap indices net gained 6% and 7.3%, respectively, outperforming the Sensex. Some of the top midcap buys included Star Health Allied Insurance, Poonawalla Fincorp, Dixon Technologies, GMR Airports and Piramal Enterprises, while the top smallcap buys included PNB Housing Finance, RHI Magnesita, Mastek and Eureka Forbes. Mutual funds have been increasing their ownership in these stocks consistently over the last few months.

We totally raised about 200 million. I think that happened in December 22 and Jan of 23. So I think more or less we are done with our Series D funding itself. Now yes, I think we also got very lucky when before the funding winter started and whatsoever I think we also got recognised because of our good business model.

Increased focus on the ‘water proofing & building chemical’ category will continue to drive revenue growth for Berger. Construction chemicals will form ~10% revenue of decorative paints in the next two years.

The earnings of FMCG companies for the March quarter were lacklustre due to subdued domestic demand, reflecting a weak rural market that makes for 30-40% of sales for consumer staples firms. Volumes have taken a hit over the last few quarters as inflation has damaged consumption, leading to down-trading in certain categories. However, with the easing of commodity prices, companies saw a recovery in their profitability. El Nino weather phenomena could derail the recovery in rural FMCG, though most large and midcap FMCG stocks have outperformed benchmark Nifty 50 over the last year.