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Last month, Amazon projected the slowest revenue growth for a holiday quarter in the company’s history as shoppers reduce their spending in the face of economic uncertainty. That sent its market value below $1 trillion for the first time since the pandemic-fueled rally in tech stocks more than two years ago.

Godrej Properties Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 32520.11 Crore) operating in Real Estate sector.

The proceeds from the issue will not be used to fund hydropower plants larger than 25 megawatt (MW), nuclear projects or any biomass-based power generation with biomass originating from protected areas, according to the green bond framework released on Wednesday.

"Given the rise in interest in internationalisation of Indian rupee, the given policy amendments have been undertaken to facilitate and to bring ease in international trade transactions in Indian rupees," the commerce and industry ministry said, while announcing the change in the foreign trade policy.

The panel suggested long-term capital gains (LTCG) tax of 10% for gains on the sale of equity assets held for more than 12 months. For equities held for a shorter period, a 15% short-term capital gains tax was proposed.

The company intends to use the proceeds of the fresh issue for repayment, in full or part, of certain borrowings of the company and certain of the subsidiaries and funding acquisition of future real estate projects. Axis Capital and Credit Suisse Securities are the bankers to the issue.

Shares of Tata Motors opened on a positive note and traded sideways throughout the day. The stock has given a breakout of its prolonged consolidation of one month with marginally higher volume.

While the supply glut as a result of the lock-in expiry may affect prices in the near term, bulls see this dip as a great accumulation opportunity for the long term. Among global brokerages, HSBC has a target price of Rs 2,170 on the stock, Morgan Stanley Rs 1,889, Nomura Rs 1,365, BofA Rs 1,555 and Bernstein Rs 1,547.

"We currently see a good long-term outlook for the country, particularly given the renaissance of the manufacturing sector. This segment of the market is also reasonably valued and has good quality companies with reasonable risk-reward, which is one of the main reasons we have a higher weight on this theme in our portfolios."

“Smallcap funds invest 75% in smallcap companies and 25% of their investments may be in largecap or midcaps. Most companies have a smallcap fund which is invested in 50 to about 100 companies. One can invest in the Nifty Junior BeES or the Nifty Next 50 Index. Other than that, on the index side, there is no good option available. ”