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Varun Beverages Limited (VBL) stock has an upside potential of over 11% in the short term, with positive technical indicators. The stock is a candidate for long-term investment, offering a potential upside of 21% over the next 12 months, supported by robust fundamentals. VBL is a key player in the beverage industry, and its growth has improved with the addition of new territories in the domestic market and expansion in international markets, says Sharekhan. However, any change in carbonated beverage products policy or incremental tax on the beverage products will act as a key risk to earnings estimates, Sharekhan cautioned.

The stock quoted a 52-week high price of Rs 10760.4 and a 52-week low of Rs 5708.1.

The success of the mutual fund industry in India is attributed to its track record, transparency, technology, and campaigns like Mutual Fund Sahi Hai. The total SIPs have doubled from Rs. 7,000 crore to Rs. 14,000 crore in the past five years, and the number of SIPs has surged 10 times from 60 lakh to 6.5 crores in the past ten years. While interest rate and GDP fluctuations remain a concern, the mutual fund industry must focus on encouraging wider equity participation for older age people, and aim to increase the number of unique investors to ten-fold in the next decade.

The Nifty IT index was trading 0.64 per cent down at 27704.65.

Blue Star expects to grow at over 20% between January to June despite slower sales in April and potential issues in the north for May. The company had a record year in FY22 with income of over INR 8,000 crore and improved EBIT margins across its segments. The company also managed to improve gross margins through total cost management initiatives, despite volatile commodity prices. Blue Star is diversifying its portfolio of projects, bidding on infrastructure projects in addition to commercial buildings.

Sandip Sabharwal shares his insights on the performance and potential of various companies in the Indian market. While he sees potential for Tata Motors to make a turnaround, he is cautious about Hero MotoCorp due to a hazy volume growth picture and lack of product innovation. HDFC Bank is expected to continue to outperform in a positive foreign fund flow scenario, while Dabur is seen as a strong company with new promotions to maintain market share.

A total of 7,867 shares changed hands on the counter till 12:04PM (IST)

In the Sensex pack, HDFC and HDFC Bank were the top laggards, falling over 4% each as the merger of both companies may result in slight outflows of $150 to 200 million. IndusInd Bank, Tata Steel, Bajaj Finance and Asian Paints also opened in the red.

Having spent more than 2 decades in the wealth management industry, Awasty sees technology platforms driving hyper growth for the industry in the coming years.

Interest rates seem to be plateauing out in India, according to Lakshmi Iyer of Kotak Investment Advisors. Iyer predicts that India has reached the peak of their interest rates and the rate cut cycle could begin next year. Additionally, the floating rate bonds in India are comfortable in regards to credit risk but less so on interest rate and liquidity.