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Astral Ltd. key Products/Revenue Segments include Plastic Products and Other Operating Revenue for the year ending 31-Mar-2022.

“Bajaj Finance is one. In the second half, when the festivities begin, this company should benefit. Then comes Laurus Lab; its CRAMS business is doing exceptionally well. We like KSB Pumps. It is playing the nuclear opportunity. Tata Chemicals will do well as soda ash prices will remain firm. Phillips Carbon Black is an indirect play on the entire auto pack and reported one of the best margins.”

Healthcare Global Enterprises Ltd., incorporated in the year 1998, is a Small Cap company (having a market cap of Rs 3817.38 Crore) operating in Hospitals & Allied Services sector.

The Reserve Bank of India will likely set cutoff yield for 10-year state development bonds being auctioned on Tuesday between 7.68% and 7.71%, according to the median in a Reuters poll of 10 traders. Five Indian states aim to raise an aggregate 68 billion rupees ($851.38 million) through sale of bonds maturing in 10 years to 24 years

The IPO of DreamFolks Services will close for subscription on Friday, August 26.

Adani Ports and SEZ stock was trading 2 per cent lower at Rs 825 while Adani Total Gas was 1.5 per cent lower at Rs 3,322.10. Adani Transmission stock was down nearly 3 per cent at Rs 3,382.

As of 30-Jun-2022, promoters held 0.0 per cent stake in the company, while FIIs held 37.27 per cent and domestic institutional investors had 32.58 per cent.

“We saw that post-pandemic, two very major shifts happening in the Indian economy which is going to create massive amounts of wealth over the next 5-7-10 years. One of them is manufacturing. The second shift is that every company globally and locally is forced to spend a lot more money on technology than they have ever spent. This is a five- ten-year trend where the spend on manufacturing and IT is going to increase and these are the structural opportunities.”

The stock traded at a P/E multiple of 37.38, while the price-to-book value ratio stood at 3.81.

“Indian equities are still attractive as the structural drivers like higher capital spending on infrastructure and asset-building projects that are multipliers for growth pickup in manufacturing and services activities are in place,” Anil Rego, Founder and Fund Manager, Right Horizons, said.