Latest Stock Market News

"The performance of the Central Bank of India, currently under the Prompt Corrective Action Framework (PCAF) of RBI, was reviewed by the Board for Financial Supervision. It was noted that as per the assessed figures of the bank for the year ended March 31, 2022, the bank is not in the breach of the PCA parameters," the RBI said in a release.

That follows a sell-off on Wall Street overnight that knocked 1.13% off the S&P 500, although futures pointed to a slightly higher open on Wednesday. The Fed headlines a week in which more than a dozen central banks announce policy decisions, including the Bank of Japan and Bank of England on Thursday.

"Smart money is moving to industrials, auto, consumption, BFSI and capital goods sectors. Our mantra is to invest in high growth with a mix of superior quality for compounding returns. We are very process-oriented in our investment approach with a focus on quantitative factors like high earning growth, high cash flow generation, superior ROE, low debt, and reasonable valuations."

“I am not really very comfortable with the IT pack. Large will be fine, midcap IT I think will have some pressure because they have to define their volumes, their spot in the game. I am lightening up a little bit in IT. I am not being wild about financials, I have kind of missed this rally and do not like the financials and the banks too much. ”

Equirus believes that India is at the cusp of a manufacturing revival driven by domestic demand improvement, localisation of imports and export opportunities emerging from China+1 sourcing and fall in commodity prices will lead to margin normalisation in many industries where gross margins have been hit over the last few quarters.

Bajaj Auto Ltd. key Products/Revenue Segments include Automobile - 2 & 3 Wheelers, Export Incentives, Other Operating Revenue, Royalty Income and Scrap for the year ending 31-Mar-2022.

“Within the hospital space, Shalby Hospitals has the largest capacity of close to 2,000 beds. Despite occupancies of less than 50%, they have the highest EBITDA margins and ROCE is more than 17%, which is the best in class compared to the other established hospitals. It can be a very good stock to look at. ”

State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 512317.34 Crore).

According to the data from Ace Equity, about a dozen state-run companies have delivered between 50-170 per cent return in the current calendar year, with at least four turning multibaggers as of September 19. However, this performance has been concentrated to select pockets. Only stocks related to petroleum refinery, coal mining, defence and banking stocks have been able to outperform.

The big question is whether this outperformance can sustain. This is possible since the Indian economy and corporate earnings are outperforming. However, the risk is the high valuation in India- Nifty at 18000 is trading at 22 times FY23 earnings, Vijayakumar added.