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The holding increased during the period from February 21 to June 10, through open market purchase at an average cost of Rs 624.61, LIC said.This translates into an investment of about Rs 221.22 crore by the life insurer for the stake buy in Capri Global.

“I think the good news from a market perspective is that broadly speaking the market and RBI are in good sync in terms of both inflation expectations, broadly speaking as well as rate hike expectations. Given that kind of a sync that has happened after a gap of 12 months one would assume that we are not going to see very sharp movements in the Indian bond markets from here on.”

“Increased usage of credit cards would potentially result in higher MDR revenues, although Paytm Payments Bank as the acquiring bank will likely be the bigger beneficiary, with some revenue share with One 97 Communications (49% shareholder; similar to the current construct on UPI reimbursement from the government),” the brokerage said in a report.

IPL’s broadcasting and digital media rights, which are for a five-year term from FY23 to FY27 concluded yesterday, with Star India fetching the broadcasting rights, while Viacom 18 securing the digital rights.

The stock has rallied more than 20 per cent from Rs 615 recorded on May 10, 2022, to Rs 763 on June 10, 2022, which translates into an upside of over 24 per cent in a month.It also gave a breakout from a downward sloping trendline on the weekly charts which is a positive sign for the bulls.

“At the end of a bull market, lots of new people come in excited about how easy it is to make money. They think it will last forever. As a lot of new people come in, my only advice is invest in what you, yourself know a lot about. Do not listen to TV or other people, save what you know and then you might survive. Listening to hot tips will ruin you.”

On each of these occasions, Asian Paints and Berger Paints have held onto their gross margins and their operating margins because of the sheer strength of the franchises. With the lag of a few quarters these companies pass on the raw material cost hike on to the customer base and protect their margins," PMS fund manager Saurabh Mukherjea said.

Gravita has an extensive scrap collection network of small suppliers, Emkay said, adding that the ongoing relocation of the Senegal plant from Sebikotane to Sandiara is expected to enhance the overall capacity contribution of Senegal by more than 2 times over FY25.

" There are no real signs of retail interest waning. Instead, we believe that the more the market corrects, the more the new investors are likely to be added. This is because people who missed out on the rally post-March 2020 fall, will look at this correction as an opportunity for the long term," says Sandeep Bhardwaj.

The Relative Strength Index of the stock stood at 41.94 on Tuesday.