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Asset quality improved further during the quarter as gross non-performing assets as a percentage of total loans was down to 2.06% from 2.48% a year ago and 2.11% a quarter ago.

The real estate sector plays a crucial role in driving economic growth. It not only accounts for around 7% of the annual GDP but also provides employment for over 50 million people.

The company is in the right place at the right time and with the right products. The trend has just started. I am confident that Atul Auto has made India’s Tesla in three-wheelers,” said the investor, who is also a director in the company.

The stock quoted a 52-week high of Rs 298.0 and a 52-week low of Rs 190.0.

The sequential growth in earnings will be largely driven by the oil-to-chemicals (O2C) business due to the benefits from the removal of SEZ export tax and the E&P business, as higher prices flow through from October, the global investment bank said.

As a fund house, we always look for sustainable and longer-term growth and it is in this spirit that I opine that the time has come for the industry to participate in broader themes that India needs to focus on through systemic interventions rather than just ask for measures to popularise and incentivise mutual fund participation.

The Relative Strength Index of the stock stood at 53.94 on Thursday.

IndusInd Bank on Wednesday reported a nearly 69% year-on-year (YoY) rise in net profit for the December quarter at Rs 1959 crore, which is slightly higher than ET Now poll of Rs 1,950 crore. For more such web stories click on the ET icon below

The brokerage values the company at 1.8x FY25E EV to arrive at its target price of Rs 600.

While raw material prices have since corrected and Relaxo has passed on the same to consumers, it will be an uphill task for Relaxo to recover the space ceded to competitors," Mukherjea said, adding that Relaxo has also been stepping up its focus on designs, the traction in the shoe market has so far been slow