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6 Indian stocks matching Peter Lynch investing style

Updated at : 2022-11-07 10:20:05

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A hugely successful former manager of the Fidelity Magellan Fund, his philosophy is detailed in his best-selling books "One Up on Wall Street" and more recently in "Beating the Street." Lynch is often associated with the PEG ratio which measures PE ratios in relation to growth rates.

The S&P BSE Sensex closed with gains of more than 100 points while the Nifty50 held on to 18,100 levels for the week ended 4 November.

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Tata Communications Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 37081.35 Crore) operating in Telecommunications sector.

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“The stellar Q2 numbers from the PSU banking majors SBI and BoB reinforce the ongoing bullish story in banking. Rising credit growth, improving asset quality and margins bode well for the banking sector and this has the potential to take the Bank Nifty and Nifty to new highs, driven by the bulls, who are in command now. FIIs turning buyers for the seventh consecutive day is another strong positive,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Income Tax survey conducted at Jyothy Labs premises

Updated at : 2022-11-07 09:30:04

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"The Income Tax Department (the Department) has conducted Survey under Section 133A of the Income Tax Act, 1961 in the normal course of business at the Company’s offices/ manufacturing plant," the company said in a BSE filing.

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"The facility is currently operating at significantly reduced capacity," Apple said in a statement without elaborating how much production has been impacted. "We continue to see strong demand for iPhone 14 Pro and iPhone 14 Pro Max models. However, we now expect lower iPhone 14 Pro and iPhone 14 Pro Max shipments than we previously anticipated," Apple said.

Stocks that were in focus included names like Karnataka Bank which was up over 14%, SBI which rose more than 1% ahead of results, and Titan Company which closed flat also ahead of results.

Further, the board of Sequent Scientific other than the quarterly results will deliberate on the preferential issue. The board of BLS International will meet to consider the proposal for the issue of bonus shares to the equity shareholders of the company.

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Although analysts are expecting state-owned bank valuations to close the gap with their private sector counterparts, they are still wary to take a long-term bet because of the operational risks associated with their government ownership.

As part of the strategy to stay ahead of its rivals in the highly fragmented domestic formulation business, Sun Pharma has embarked on major salesforce expansion by adding over 1,000 people per year in the last two years (2021 & 2022). It has a field strength of around 12,000 people, the largest in India.

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