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The price action indicates that the counter is poised for Rs 350 till the time it is sustaining above Rs 275. Thus, we advise investors to accumulate the stock in the range of Rs 308-300 with a stop loss of Rs 285 for the upside target of Rs 345 in 1 – 3 months.

“Indian macros are firing on all cylinders,” Mayank Khemka, chief investment officer for India at the bank, said in an interview, pointing to economic data ranging from power and fuel demand to auto sales. “When all of this is happening, it has to reflect in corporate performance. From here, the expectations of market returns should be in line with earnings growth, which is likely to be in double digits.”

Among sectoral indices, BSE Metal index zoomed 5 per cent, followed by a 4 per cent rally in Capital Goods and Power indices each. Energy, utilities, finance and industrial stocks added 3 per cent each during the week. In the BSE 500 index, about 290 stocks settled in the green, whereas others dropped during the four trading sessions; 15 stocks were able to register double-digit gains, whereas only two plunged 10 per cent or more.

Some of the big purchases by fund managers in July were UPL, Escorts Kubota, Shriram City Union Finance and Britannia. Among small-cap stocks, mutual funds bought Sapphire Foods, GMR Infra, Minda and Eureka Forbes among others.

Until recently, optimism was hard to come by. Equity positioning last month stood in the 12th percentile of its range since January 2010, a July 29 note by Deutsche Bank analysts said, and some market participants have attributed the big jump in stocks to investors rapidly unwinding their bearish bets.

Similarly, they are twice as likely to develop Type 2 diabetes. This all adds up to absenteeism at work and loss in productivity which can significantly affect the performance of an organisation. According to the Centers for Disease Control, depression causes 200 million lost workdays each year.

​ LIC owns 49.2 per cent of the lender and the government and public own the remaining shareholdings in the bank which was on the verge of collapse before it was forced into the control of LIC weighed by a third of its loans turning dud.

Catching on this trend, many Indian mutual fund houses partnered with international asset managers and launched feeder funds in India, which feed into funds chosen from the basket of international funds offered by their partners. Six international funds were launched in 2020 and 23 in 2021, including ETFs and FoFs, launched on the same underlying international fund.

Net profit increased to Rs 683 crore in the quarter ended June 2022 from Rs 3 crore a year ago. However, the year-on-year numbers are not comparable because till September last year the company was ascertaining policy liability only annually.

"Meeting of capital raising committee of our bank is scheduled to be held on August 22, 2022 to discuss the raising of Basel III compliant bonds within the board approved limit of Rs 2,500 crore," it said in a regulatory filing.