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The company manufactures and distributes a variety of footwear like running shoes, walking shoes, casual shoes, floaters, slippers, flip flops and sandals. It claims to be the largest sports and athleisure footwear brand in India, both in terms of value and volume in fiscal 2021.

The rupee fell to a one-and-half month low, tracking falls in the domestic share market and other Asian peers on concerns that Beijing could join Shanghai in a strict COVID-19 lockdown which weighed on Chinese stocks and the yuan.

The largest cryptocurrency slid as much as 3.3% to $38,223, the lowest since March 15, and down more than 20% from last month’s high. The second-biggest coin, Ether, slumped as much as 4.8% to $2,799, a level not seen since March 18.

“We are hearing that crude palm oil is exempt from the export ban. That means nearly 90% of the problem of what we were anticipating would go away. We are still awaiting the exact clarification. The forward futures market DMD is down almost 3% and so this is a very positive development for India as an importer and I would imagine even for the world as well.”

"We expect moderation in growth and rising cost pressure to be the key themes during this earnings season. Earnings season has just begun but the initial results from IT services, financials as well as operational updates from consumer companies indicate this trend. There has been a spike in commodity costs in March, full impact of which we will witness only in 1QFY23."

Elgi Equipments Ltd., incorporated in the year 1960, is a Mid Cap company (having a market cap of Rs 10976.14 Crore) operating in Electric/Electronics sector.

The lender said its provision saw a sharp decline along with an improvement in asset quality. The management continues to focus on achieving growth in core operating profit in a risk-calibrated manner by focusing on target micro-market segments. It also expects the net interest margins to be stable at around 4 per cent.

“We would identify as a team the best of the FMCG companies, the best of the financial companies, the best of the IT services companies and have a good balance across most of these various sectors unless there are some sectors where we struggle to find companies that have the attributes of superior returns, scalability and good management.”

Put differently, the entire drop in Netflix’s stock can be justified if you assume that the rate of growth (for the first decade) slows down from 40% per annum to 28% per annum and the risk-free rate rises from 1% to 3%. That’s it!

IDBI Capital has initiated coverage on M&M with a Buy call and a target price of Rs 1,616, suggesting an upside of 75 per cent over the next two years, led by strong earnings growth and PE expansion. The stock has been one of the most favoured names by both analysts and investors. It has a consensus Strong Buy recommendation from analysts, shows data available on Trendlyne.