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We are seeing strong and sustained growth in the automotive and adjacent segments, led by our EV and digital capabilities. We are gaining market share in both Automotive and Media & Communications, especially in Europe. The numbers are muted in the region due to unfavourable currency movement.

“In my view, in the next two years, the larger banks will do better than the smaller ones because of the low-cost deposits they have in a rising interest rate scenario and to that extent, SBI is very well placed. In the near term, because it has done so well and most retail investors and everyone else loaded up on it, we have to see how it performs but longer term directionally, it is well placed.”

According to the data from Ace Equity, as many as three dozen stocks need to post over 100% returns from their current levels. These 36 stocks need to rally 100-426% to regain their 52-week highs from the last close. The list of beleaguered counters include players from various sectors including new-age internet companies, NBFCs, IT, healthcare, petrochem, energy, auto and auto ancillaries, media, consumer durables, telecom and others.

“There is a more certainty of earning in India. You can take a case that ICICI Bank will grow at 15% or 25% but it will certainly grow. Can you make the same case with HSBC Bank? You do not know where the provision will hit, where the bond yield will hit but you can make a certain case for the largest bank in India that whether you grow 15% or 25%, growth will be there. ”

The stock quoted a 52-week high price of Rs 2876.7 and low of Rs 785.85.

The benchmark Nikkei 225 index fell 1.16 percent, or 314.97 points, to end at 26,775.79, while the broader Topix index lost 0.98 percent, or 18.63 points, to 1,879.56.

Promoters held 29.33 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 0.0 per cent and 8.82 per cent, respectively.

Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 50672.01 Crore) operating in Auto sector.

"The market technicals suggest that the Nifty has held out very well post the bottom that was formed in June’22. In Sept’22 while the S&P 500 was down ~9%, the Nifty lost just around 3%. Considering that the US market is in a bounce-back mode at present, we could continue to see outperformance from the Nifty in the current month of October’22."

Indian market is expected to open lower on Monday tracking muted global cues. The S&P BSE Sensex closed nearly 700 points higher on Friday while Nity50 closed just below 17200 levels. We have collated stocks from various experts for traders who have a short-term trading horizon: