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“In an environment where interest rates are likely to head up, liquidity is likely to come down, the smallcap does better and especially given the macroeconomic and geopolitical environment, one can be wrong and therefore one needs to do asset allocation. But I would think that for most investors, one is better off looking at a larger cap rather than the smallcaps.”

Add Hindustan Unilever, target price Rs 2350: IIFL

Updated at : 2022-03-22 11:02:40

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HUL has a demonstrated track record of managing cost inflation. Volume sluggishness is a natural consequence of high price inflation and weakness in consumption; the brokerage believes these issues are temporary and will resolve over a few quarters.

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The spot prices of gold have dropped about 2,150 per 10 gram in the last couple of weeks, whereas silver has eased more than 3,200 per kg during the period under review.

Among Sensex stocks, FMCG stock fell the most.

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The keenly contested transaction, now in the final stages of negotiations, pits Blackstone against Baring Private Equity Asia, the only other contender still in the fray and is likely to see listed Aurobindo getting split into two.

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Consumer electronic companies will be forced to cut production from next month while companies importing finished goods from China may face inventory shortages too.

Suzuki plans Rs 10,440 crore India EV push

Updated at : 2022-03-22 03:40:04

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Of the amount, ₹3,100 crore will be used to increase EV manufacturing capacity at Suzuki Motor Gujarat (SMG) by 2025, while ₹7,300 crore has been earmarked for setting up a plant to start making batteries for EVs in 2026.

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The city police, probing the Rs 5,400-crore National Spot Exchange Limited (NSEL) cheating case, have till date auctioned over a dozen properties of the accused and reimbursed Rs 731 crore to investors.

Accenture increases FY22 revenue growth guidance

Updated at : 2022-03-22 03:40:04

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Accenture’s stellar performance continued into its second quarter ended February, and encouraged it to raise its revenue growth guidance for the year (ending August) to 24%-26%, from the previously announced 19%-22%.Accenture recorded new bookings of $19. Accenture recorded new bookings of $19.6 billion in the quarter, up 22% from the year-ago period, with consulting and outsourcing revenue of $10.9 billion and $8.7 billion respectively. Revenue grew 24% to $15 billion.

Telecom operators have also cautioned that any move to test and certify all 5G smartphones at accredited local labs would also hinder India’s ambitions of becoming a global handset manufacturing base.

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