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Promoters held 51.31 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 16.13 per cent and 4.27 per cent, respectively.

“The real decider will be the corporate earnings. If my corporate earnings are growing at 15-17%, then I have no issue, let the FIIs sell everything. I have enough buyers on the sidelines from India side, domestic side. Why I am a little cautious in the next 12 months is because the corporate earnings are slowing down.”

According to Ambuja Cements, the allotment has been undertaken in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other applicable guidelines.

According to Debashish Bose, India is transforming from a low-income to a middle-income economy on the back of geopolitical, technological, and social developments. “The ABC Portfolio seeks to capture trends strongly benefiting from this transition.”

The region-wide STOXX 600 index was up 0.5% by 0705 a.m. GMT, extending gains for a fourth straight session, led by technology stocks, with shares of chip makers such as ASML Holdings and BE Semiconductor up between 0.9% and 3%.

Listed companies issue bonus shares from their free reserves and surplus. And from this capital, bonus equity shares are issued and allotted to eligible investors.

Kalyan plans to aggressively build out its jewellery stores in higher-margin markets outside its home base of South India, said HSBC. If executed well, this can trigger structural ROE expansion and result in the stronger earnings growth trajectory. We believe consistent execution will continue to drive further expansion and lead to compounding returns over the next three years, it said, initiating coverage on the stock with a target price of Rs 125.

The stock quoted a 52-week high price of Rs 817.95 and low of Rs 469.75.

Nestle India is a subsidiary of Nestle which is a Swiss multinational company. The company is the world’s leading food and beverage company. The largecap company having a market capitalization of Rs 1,84,760 crore has in its portfolio over 2,000 brands.

Our savings rate means, working on the formula of income - savings = expenses. If we are able to achieve this then savings doesn’t become an afterthought it becomes a primary source of wealth creation. The rate of return we must expect depends on when we want the money in the future and how much of it is needed after adjusting for inflation.