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“India’s cost competitiveness vis-à-vis China has improved significantly. Our labour cost is $200, China’s labour cost is $800; our power costs have come down and are more or less at par with China. We are getting better on the logistics costs side also. I see a mini IT kind of a trend playing out in manufacturing over the next five-seven years. These drivers are not temporary, they are structural in nature and structural changes tend to last over 5, 10, 15 years.”

Investors who had the delivery of shares in their account as of June 28 were eligible for the equity dilution of the shares and the number of shares increased by 10 times, without changing the amount invested.

“When one is overweight India, one can afford to trim the overweight and become neutral weight, but in a performing market, very few fund managers will be able to remain underweight India. That is where we believe a little bit of frustration trade is emerging. Also, in the FTSE Index, Korea has been upgraded from emerging market to developed market. If that happens, there will be an increase in India’s weightage in MSCI.”

SKF India Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 20975.04 Crore) operating in Auto Ancillaries sector.

JMC Projects, a subsidiary of Kalpataru Power Transmission, is a civil construction and infrastructure EPC (Engineering, Procurement and Construction) company.

The stock traded at a P/E multiple of 34.17, while the price-to-book value ratio stood at 9.3.

Paytm’s MTU (monthly transacting users) has risen to 76 million as of June 2022, which were 70 million as of February 2022, suggesting limited or no impact of the RBI’s ban on Paytm Payments Bank on user acquisition, it said.

"It does not matter where the recovery comes through, this is not a market where you can buy at highs and make a profit. You need to wait patiently. If you have not bought anything, you need to wait it out and see when you get the right entry point."

Total revenue for the quarter grew 10.73 per cent YoY to Rs 10,761.76 crore compared with Rs 9,718.74 crore in the corresponding quarter last year. The revenue also beat the ET NOW poll projection of Rs 10,425 crore.

“Overall, the demand has been pretty good, the sentiments are very positive in rural India. There were some remarks received from some other quarters where the feeling was that the demand is not as high;, but we have seen very good demand, positive demand from all sectors and across geographies.”