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HSBC initiated buy coverage on Kalyan Jewellers with a target price of Rs 125. The global investment bank is of the view that expansion outside South India is key to unlocking value. Kalyan plans to aggressively build out its jewellery stores. Higher-margin markets outside its home base of South India.

“There has been a significant degree of outperformance by India. If you look at the US markets, the all country world index and the emerging markets, everything is significantly negative. The outperformance reflects, in a way, the superior macro fundamentals that India has on a relative basis”

The stock quoted a 52-week high price of Rs 915.49 and a 52-week low of Rs 451.6.

On the other hand, when you buy a corporate bond, you do not get equity in the company. You become eligible to receive only a fixed rate of interest at varied intervals and a return of principal at maturity no matter how profitable the company becomes or how high the price of the stock climbs.

Nifty is currently trading at 18.4x on 12-month forward PE, at 1std (standard deviation) to its long-term average while it is trading below 1stdev on a 12m-forward PB. The current valuation looks attractive (equivalent to the 5-year average) as risk-reward has significantly improved in the last three months with the earnings expectation for FY23 remaining intact, Axis said.

Pfizer Ltd. key Products/Revenue Segments include Pharmaceuticals, Sale of services and Scrap for the year ending 31-Mar-2022.

​Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

And whenever there is a rally in US markets, India is outperforming reflecting the resilience of Indian economy and markets. Investors should not be carried away by the rallies because there are major challenges for the global economy and markets.

The global cryptocurrency market cap was trading marginally higher at $972.12 billion, rising less than a per cent in the last 24 hours. However, the total trading volume dropped over one per cent to $59.92 billion.

The stock quoted a 52-week high price of Rs 848.0 and low of Rs 595.85.