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“There are lots of ideas and it is very hard to pick one idea. Companies like L&T, ICICI Bank, IndusInd Bank, Aditya Birla Capital all of them according to me will be very well placed. We recently added Aditya Birla Capital and we think from this Diwali to next, Diwali also, it can surprise us and deliver superior returns. ”

He said a momentum investor will have a tough time managing volatility.

The rupee slipped to a record low of 83.2150 on Thursday. It is likely to fall further to 84.50 by December, according to the mean and median forecasts of a poll of 14 bankers and foreign exchange advisors.

The brokerage mentioned that the general insurance player logged an increase in net premiums earned (NEP) which stood ahead of estimates at Rs 3,840 crore, given the sharp uptick in health as well as crop segments. Furthermore, loss ratios in the health segment moved higher up over 81% on a quarter-on-quarter basis. Also normalization of road traffic after Covid-led disruption together with the pricing pressure pushed claims ratio in the motor own damage (OD) space.

On the technical charts, the RSI of the stock stood at 33.44.

Sebi has directed stock exchanges to put in place the necessary infrastructure for access and use of the platform by the stock brokers and issue circulars on the modalities for operational aspects.

Investors should watch out for the outlook on revenue growth in FMCG, hotels and paper businesses as economic activities return to normal levels. Analysts said the healthy double-digit revenue growth in FMCG business would be led by a recovery in the stationery business and price increases.

Symphony Executive Director Nrupesh Shah said the company has a "robust off-season collection, in line with the pre-Covid period" and positive trade sentiment."Q2 FY23 recorded the highest ever second quarter Standalone and Consolidated sales, up by 10 per cent and 1 per cent, respectively, vis-a-vis previous historical high.

A total of 64,388 shares changed hands on the counter till 02:10PM (IST).

“Despite the uneven distribution of monsoon, domestic business leveraged our geographic and portfolio diversity to achieve growth. While margins were satisfactory in the domestic business, international business margins were lower compared to Q2 of the previous financial year. Going forward, we continue to remain focused on our long-term growth plans of new product introduction and capital investment.