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Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 266262.45 Crore).

HDFC Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.

“Coming back to the new age tech story, it is a pretty long play. Near term, the challenges will remain. If we are looking at one or two quarters, then things look a little difficult. But if you look at a three-four year story, then it is a unique listed player, one we can look at and if we have a deep pockets, allocate it. We should look at Zomato for a four-five year play from here.”

The Nifty Auto index was trading 0.17 per cent down at 12753.75.

In its regulatory filing, IEX said, “We wish to inform you that a meeting of the board of directors of the company is scheduled to be held on Friday, November 25, 2022, inter-alia, to consider a proposal for buyback of fully paid-up equity shares of the company.”

"Volatility was always there. It’s just that the size of the market has grown big. When you don’t have money, there is a fear building everyday. But as you become big, you can take on a lot of adversity on your side. India has passed through the poverty phase. Now we are in the prosperity phase. India is not a pushover. "

"We think a lot of Indian companies now have the size, and balance sheet, and have been doing a lot of work in improving their product mix towards more specialised products. We have been selective in choosing businesses we invest in and have tried to avoid businesses with a lot of cyclicality and are focussing on companies where speciality chemicals’ share has been increasing."

One may believe that finding multibaggers can help an investor create substantial wealth. But it is easier said than done. In the quest to find such shares, investors may purchase shares of companies without adequate due diligence based on tips or hearsay.

Overall performance in consumers was majorly driven by value as volumes remained subdued on a higher base. While commodity costs have shown signs of stabilisation, many of them remain at high levels.

“Steel margins will improve in Q3 because coking coal prices came off earlier in the quarter. Now they have inched back upwards but there will be Rs 3,000 to 4,000 per tonne margin expansion in Q3 over Q2. But stocks have moved up way beyond what will be the improvement in the margins.”