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The company continued to lose share in this segment, with a share of 13.7% in the third quarter as against 15.7% in the same period of last year. The claims ratio in this segment was high at 73%, up 120 bps year-on-year (YoY).

"Global news flows would continue to dominate the outlook for the Indian metals sector. A faster reopening in China and stimulus has provided a new lease of life for the sector, although on ground demand improvement is still elusive. Post CNY demand would be key for further rerating," said brokerage firm CLSA.

It can be observed that post a strong first leg of the up move from the level of Rs 15.85 to Rs 99.85 (31.30.2020-31.03.2021), this stock witnessed a correction closer to 61.80% of its previous up move at Rs 52.20 level in four back-to-back quarters (30.09.2021 -30.06.2022).

Citigroup Inc Chief Executive Officer Jane Fraser said in an interview with CNBC that the US Federal Reserve could slow rate hikes in late spring or early summer. In a low-interest rate regime, lesser returns on interest-bearing assets such as bonds turn gold attractive.

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The stock quoted a 52-week high price of Rs 784.27 and low of Rs 451.6.

Credit Suisse maintained an outperform rating on Bank of India with a target price of Rs 110. Core profitability has improved, and the provisioning remains elevated, it said.

The budget should focus on encouraging private investment through tax incentive to accelerate growth. This can include things like tax credits, deductions, exemptions, and other financial incentives to encourage entrepreneurs.

Promoters held 74.99 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 8.59 per cent and 6.33 per cent, respectively.

I would also expand the tax relief for MSMEs, rationalise GST and boost credit growth in small and medium enterprises. In addition, I would expand the scope of the Emergency Credit Line Guarantee Scheme (ECLGS) for emergency help for SMEs.