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Lots of segments are monopolies in this space and there is bound to be interest in this space. There will be further interest in this space and there could be further upsides. Again, easy money has been made, but there is still money on the table and one will have to choose pockets.

Go Digit General Insurance IPO saw oversubscription and strong retail investor interest. Backed by celebrity investors, the company plans to enhance capital with the IPO proceeds, focusing on growth and empowering distribution partners.

Promoters held 46.09 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 20.26 per cent and 14.99 per cent, respectively.

The stock quoted a 52-week high of Rs 967.0 and a 52-week low of Rs 453.5.

The Nifty Bank index closed 0.61 per cent up at 47977.05.

Roosevelt Dsouza of NielsenIQ discusses FMCG trends, emphasizing rural-urban gap. Growth driven by small pack preferences and personal care in rural areas. CEOs review Nielsen report. India awaits rural recovery. Consumer behavior shifts to volume growth. Categories perform differently. Dsouza says there are certain categories where one can see K-shaped growth with some categories moving up and some going down.

M&M achieved a new 52-week high of Rs 2,554.75 following better-than-expected March quarter performance, prompting increases in target prices and upgrades. Jefferies, a global brokerage firm, upgraded M&M to a buy rating and raised the target price to Rs 2,910.

Hitesh Oberoi, Co-Promoter, MD & CEO of Info Edge, discusses the growth in IT hiring, positive Naukri JobSpeak index movement, and real estate success. He also addresses EBITDA margins, recruitment trends, and global market influences, including exceptional losses and FY25 projections. Oberoi says IT hiring is more indexed to what happens in the US and the global economies than to what happens in the Indian economy and it has to be seen how that plays out over the next few quarters.

JPMorgan retains overweight rating on LIC Housing Finance, Nomura favors buy rating on Info Edge, BofA Securities suggests buying Biocon, and Jefferies upgrades M&M to buy.

"RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.