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The study of 200 equity mutual funds shows that the industry has a solid track record on 10-year returns, with nearly 80 per cent of AUM (assets under management) outperforming benchmarks, but when seen on a 5-year and 3-year basis, the figure drops to as low as 40 per cent.

Hinduja Leyland Finance is an NBFC (Non-Banking Finance Companies) with an AUM of over Rs 29,000 crore and a pan-India presence in 1,550 locations across 23 states and 2 union territories, which provides loans for commercial vehicles.

Mahindra Lifespace Developers Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 7348.07 Crore) operating in Real Estate sector.

A total of 10,152 shares changed hands on the counter till 11:37AM (IST).

The stock quoted a 52-week high of Rs 512.05 and a 52-week low of Rs 312.05.

"While another round of steep rate hikes is on the cards, the market wants to know if it will be a 50 or 75 basis point," he added. This has brought the US dollar and US Treasury bulls back to the forefront, causing the gold prices to retreat."

Among Sensex stocks, NTPC climbed 2.4 per cent to Rs 162.30. Hindustan Unilever, UltraTech Cement, Titan and Asian Paints advanced 1.2 per cent, 1.04 per cent, 1.04 per cent and 0.72 per cent, respectively. ITC, Reliance Industries, L&T, IndusInd Bank and Axis Bank rose up to 0.6 per cent. Losers included TCS, Infosys and Kotak Mahindra Bank, which fell up to 0.6 per cent. HDFC Bank, HDFC and M&M declined up to 0.4 per cent. M&M and HCL Tech edged lower.

Techno Electric & Engineering Company Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 3344.00 Crore) operating in Engineering sector.

“After the fall in the retail price index that is the CPI to below 7% in July, the wholesale price index is also now down to 13.93%, down from 15.18% in June. But the fact is this is on a fairly high base. On July ‘21, WPI was 11.57% and so it was fairly high. We need to keep that caveat in mind.”

The stock has been on buyers’ radar so far in 2022, but it picked up momentum in the last three months. The stock has risen by about 10 per cent in a week which resulted in a strong bullish candle on weekly charts, and nearly 30 per cent in the last three months, Trendlyne data showed.