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Experts believe that exposure to and awareness of the US market investing from India was in its infancy, before the pandemic. Desi investors are going global as they do not wish to miss the chance of diversification and investing in the global leaders.

The stock quoted a 52-week high of Rs 358.0 and a 52-week low of Rs 200.5.

A total of 18,559 shares changed hands on the counter till 12:23PM (IST).

“In the four-wheeler space, I like Mahindra & Mahindra. Autos should continue doing well and the commodity pressure is also coming down. The margins should also improve going ahead. In the case of Mahindra & Mahindra, new launches have been doing very well; their margins are also very decent and the return ratios are very strong. ”

Goldman Sachs is the broker of the deal. Dabur is among the few stocks in the FMCG space to have underperformed in 2022. At 10.22 am, the shares of Dabur India were trading 2.6% lower at Rs 573.35 over its previous day’s closing price of Rs 588.75. The stock has gained just 3% in the last one year.

On the technical charts, the RSI of the stock stood at 38.48.

Engineers India, incorporated in the year 1965, is a Mid Cap company (having a market cap of Rs 4746.45 Crore) operating in Services sector.

ICICI Direct has handpicked nine stocks that can give an average return of 22% in 2023. The list includes L&T, Ambuja Cements, Bosch, Federal Bank, Sundaram Finance, Bajaj Electricals, KEC International, Mishra Dhatu Nigam and Techno Electric.

The Nifty target for December 2023 is 18,000 points, a full 4 percentage points downside to the current levels, as India is among its top underweight markets in the emerging market space in 2023, the Swiss brokerage UBS Securities India strategist Sunil Tirumalai said in a report on Monday.

Bond yields in United States and Japan jumped after the BOJ decided on Tuesday to allow long-term interest rates to rise more by widening the band around its yield cap.