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Arihant Capital Markets expert Mileen Vasudeo predicts that the Nifty will hit a target of around 18,800, and could go beyond that to 19,000. She also expects Bank Nifty to approach levels of 43,700 to 44,200. While IT showed a rebound on Friday, Vasudeo notes that it is currently in a downtrend and is unlikely to outperform the benchmark indices. Vasudeo recommends buying FMCG stock Britannia with a target price of 4800 to 5000, and also DLF with a higher target side of 474 to 500 levels.

Arihant Capital Markets expert Mileen Vasudeo predicts that the Nifty will hit a target of around 18,800, and could go beyond that to 19,000. She also expects Bank Nifty to approach levels of 43,700 to 44,200. While IT showed a rebound on Friday, Vasudeo notes that it is currently in a downtrend and is unlikely to outperform the benchmark indices. Vasudeo recommends buying FMCG stock Britannia with a target price of 4800 to 5000, and also DLF with a higher target side of 474 to 500 levels.

"I think there is a lot of steam left in PSUs still, particularly one pocket, and that is the defence sector PSUs. We will see a lot more action there. We did see some amount of correction over the last few months and stocks like Mazagon Dock, BEL, HAL all have corrected. And after correction, of course, it has gone up in the recent last few days, but even after correction, the way they are positioned now if somebody is taking a one-year-plus time horizon, they do look good."

"I think there is a lot of steam left in PSUs still, particularly one pocket, and that is the defence sector PSUs. We will see a lot more action there. We did see some amount of correction over the last few months and stocks like Mazagon Dock, BEL, HAL all have corrected. And after correction, of course, it has gone up in the recent last few days, but even after correction, the way they are positioned now if somebody is taking a one-year-plus time horizon, they do look good."

RBL Bank has posted a 37% YoY increase in Q4 FY23 net profit, reaching INR271cr ($36m), driven by lower provisions. The company had posted a loss of INR75cr in the year-ago period. The CEO attributed the limited growth to the recognition of a partial loan restructure the previous year. The bank also reported a gross non-performing asset ratio improvement of 3.37% compared to 4.40% a year ago. The lender has set a target of 20% growth in overall advances for FY24, with a 22% rise in retail advances. Secured advances will account for bulk of the growth in advances.

RBL Bank has posted a 37% YoY increase in Q4 FY23 net profit, reaching INR271cr ($36m), driven by lower provisions. The company had posted a loss of INR75cr in the year-ago period. The CEO attributed the limited growth to the recognition of a partial loan restructure the previous year. The bank also reported a gross non-performing asset ratio improvement of 3.37% compared to 4.40% a year ago. The lender has set a target of 20% growth in overall advances for FY24, with a 22% rise in retail advances. Secured advances will account for bulk of the growth in advances.

​Richard Olsen is founder and CEO of the Zurich-based Olsen Group, a pioneer in the development of online financial forecasting systems and trading models for applications ranging from trading to investment and risk management.

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The G20 Summit 2023 in India is expected to provide an unprecedented opportunity for global leaders to discuss the regulation and development of the cryptocurrency sector. The event, which will be hosted by India, could play a pivotal role in shaping crypto regulations in the country and promoting a harmonised regulatory framework across member countries.

Tanla Platforms has offered a 16,000% return to investors in the last 10 years, with the stock surging in the last five years by 1,620%. The company offers cloud communication solutions, and according to the shareholding pattern, is majority owned by the public. Technical analysts predict the stock has strong bullish momentum and could continue to trend higher in the near term. The stock is trading above its 50-day moving average, indicating a short-term bullish trend, and the 50-day moving average is also above the 200-day moving average, suggesting a positive long-term trend.