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Equity AUM market share for HDFC AMC witnessed an improvement to 12.2% (+75bps YoY, +11bps MoM).

The open offer to acquire over 44,560,177 (4.45 crore) equity shares constituting 26% stake of Camlin Fine Sciences augurs well for the company, brokerage firm Axis Securities said, recommending a ‘buy’ on the stock.

The Nifty Realty index was trading 1.35 per cent up at 435.2.

As of 31-Mar-2023, promoters held 46.64 per cent stake in the company, while FIIs held 11.7 per cent and domestic institutional investors had 0.01 per cent.

“Thanks to the layoffs and the conversations on AI converging, there is a lot of narrative which is probably suggesting that many of these layoffs are an account of the advent of AI. To be honest, the existence of AI is expected to cost certain jobs and it is meant to cut down repetitive work here and there and it is a smarter way of doing things. But there is enough and more data which suggests that AI is also expected to create huge opportunities of employment.”

"The bank has demonstrated its ability to execute and deliver a strong performance. Accelerated investments to uplift the franchise to sustain growth and expand more streams of revenue and activities, with the eventual goal of becoming a universal bank. The objective is to maintain a strong credit filter, granular growth in assets and liability along with sustaining stable spreads, all of which should bode well for future earnings growth," Sharekhan said in a report.

The Relative Strength Index of the stock stood at 47.59 on Tuesday.

Part of the Precision Group, Precision Camshaft is in the automotive components business. The company claims to be one of the largest camshaft manufacturers in the world — manufacturing all types of camshafts under one roof. The Pune-based company was incorporated in 1992.

The stock quoted a 52-week high price of Rs 849.5 and a 52-week low of Rs 594.0.

n fact, even current calendar year – Jan, Feb, March numbers are far better and at least in March, we have seen the best March in the last 10 years. So, it is continuing and now that the rate hikes have also started plateauing, it is giving some comfort to the supply side, to the developers that perhaps the worst is behind us.