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“MFIs is a wonderful space right now because there have been multiple factors playing out in the MFI space. There have been regulation changes over the last couple of years and now with the new regulations coming in where the spread that they actually had will be higher NIMs. ”

While the domestic equity market has largely remained unscathed from the rout in Adani stocks.

Nomura says that wiring harness (WH) content in vehicles experienced a significant increase, from approximately 2.5% previously to about 4.5% at present. This rise has driven an impressive 10% revenue compound annual growth rate (CAGR) over the past decade, despite only a 2% CAGR in OE car sales volume

The stock traded at a P/E multiple of 25.85, while the price-to-book value ratio stood at 5.01.

A total of 10,869 shares changed hands on the counter till 01:48PM (IST).

"Our portfolios are aligned more towards the traditional FMCG where we believe it is more need based. Apart from that, we also expect rural India to start doing well from now onwards. For the last three months or so, we have seen some kind of plateauing happening in rural India and now they have stopped dropping. That is the first sign of things starting to stabilise. We believe the rural side or the traditional FMCG side is the way to play right now."

From Bajaj Finserv to Eicher Motors, here are the top 10 stocks that HDFC mutual fund bought in the month of January.

On the technical charts, the RSI of the stock stood at 43.58.

Promoters held 38.15 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 17.77 per cent and 6.23 per cent, respectively.

India’s largest mortgage lender will raise 250 billion rupees ($3 billion) selling notes due in a decade at a coupon of 7.97% on Friday, according to people familiar with the matter. The proceeds will be used to support its housing finance business, said the people, who asked not to be identified discussing confidential information