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Bombay Burmah Trading Corporation, incorporated in the year 1863, is a Mid Cap company (having a market cap of Rs 7023.94 Crore) operating in Holding Company sector.

The stock with a market capitalisation of more than Rs 2,400 crore hit a fresh high of Rs 3,279 on 28 November 2022. It has more than doubled from its May low of Rs 1,470.

Promoters held 59.4 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 25.16 per cent and 2.75 per cent, respectively.

Overall, the speech can be said to be leaning towards moderation in hawkishness going forward and this has brought a great sense of comfort to markets, IFA Global Research Academy said in a research note.

Offices and schools have opened, which creates an incremental demand for shoes and that benefits the shoe manufacturers, the brokerage said. After growing in metro cities, management has now shifted its focus to tier 2 & 3 cities where management sensed larger growth opportunities.

"In volatile periods in particular, low volatility strategies have proved successful in providing portfolio defence and limiting downside risk by avoiding highly volatile stocks and favouring those that have exhibited more stable performance. Low volatility indices have not only tended to protect investors from steep declines, but also allowed them to participate in the upside."

“Even as recovery in domestic economic activity is yet to become broad-based, protracted global drags, shrinking corporate profitability, demand-curbing monetary policies and diminishing global growth prospects weigh on output,” said Madhavi Arora, lead economist at Emkay Global Financial Services.

“There are some pockets of strength and some pockets of not so strong numbers. Services is the other leg which is doing quite well. The number for agriculture is relatively strong at about 4.6%. But this is the early half of the year. When we come to the second half of the year, we might see some of these pockets lose a bit of traction.”

Technical analysts say the chart patterns of benchmark indices do not show indications of topping, nor do the broad market performance point to froth or bubble situations.

“I suspect it is the margin pressure that is really dampening down on the manufacturing performance in Q2 and at least in terms of the outlook for Q3, there are positives and negatives. Q3 clearly kicked off with the good festive season. Some of the heavy numbers like auto output etc. have been pretty decent particularly for passenger vehicles and some other segments.”