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“Does India truly decouple or have we seen the worst as far as the western markets are concerned? I am not clear. This is a time for consolidation, I do not expect a runaway bull market at any point in time. I would rather be cautious than being very aggressive in this market, let me put it this way. ”

"Indian companies, have a sanguine growth outlook, except possibly IT services where we are witnessing some slowdown. Q2FY23 will be the first quarter in the last 3 years to see a completely normal restriction-free economy. At the same time, different parts of India also see regional or national festivals that give a short-term boost to demand for various goods and services. Q2FY23 should see moderate to good revenue growth. Depending on the sector, we should also see profit margin pressures abating gradually."

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As of 30-Jun-2022, promoters held 29.33 per cent stake in the company, while FIIs held 48.48 per cent and domestic institutional investors had 7.64 per cent.

Angel One rallies 8% on strong monthly update

Updated at : 2022-10-05 04:55:03

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The participation of retailers increased 133 basis points (bps) to 21.6 per cent in September 2022, from 20.3 per cent in September 2021. Commodity trading volume saw the highest spike of 2,549 bps to 53.3 per cent from Rs 27.8 per cent during the period.

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“My first Dusshera pick is Mazagon Dock Shipbuilders. This is a stock which should not be missed at any cost. Again the reason is the kind of profitability this company is reporting. I am seeing multiple increase in their valuation as such and from Rs 470 crore profit last year, this year, I expect that company to have profit in four digits.”

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Brokerages remain positive on the issue amid reasonable valuations, growth prospects and dominance in the markets. However, a few have raised concerns over dependence on major brands and online competition.

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A total of 50,547 shares changed hands on the counter till 02:10PM (IST)

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“If one looks at the telecom part, we are seeing a 5G rollout and we expect some good traction in terms of ARPU over the next three to four quarters. The retail business is showing reasonably good tractions. We will have a bit of an issue in terms of the oil and gas business and the windfall tax related issues but the rest of the verticals are doing well.”

​The BSE Realty index has traded with a bit of weakness in the past year but on a two-year timeframe, the performance has been phenomenal as the index has gained about 95 per cent. During the same period, 10 realty stocks have outperformed the index and rallied over 100 per cent.

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Nifty registered a bullish golden crossover in August (50-DEMA crossing above 200-DEMA), implying a major shift of momentum in favour of bulls from a medium-term perspective.

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