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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.

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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.

Rupee falls 13 paise to 81.82 against US dollar

Updated at : 2023-01-18 12:20:04

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In the domestic equity market, the 30-share BSE Sensex was trading 157.99 points or 0.26 per cent higher at 60,813.71. The broader NSE Nifty advanced 44.60 points or 0.25 per cent to 18,097.90. Foreign Institutional Investors (FIIs) turned net buyers in the capital markets on Tuesday as they purchased shares worth Rs 211.06 crore, according to exchange data.

Apollo Hospital shares drop 0.03% as Sensex rises

Updated at : 2023-01-18 12:20:04

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On the technical charts, the RSI of the stock stood at 35.7.

Aurobindo Pharma share price up 0.5 per cent

Updated at : 2023-01-18 12:20:04

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A total of 5,838 shares changed hands on the counter till 11:28AM (IST).

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Participants in the January poll were “a lot less bearish” than in the fourth quarter, sparking a rotation to emerging markets, Europe and cyclical stocks, and away from pharmaceuticals, technology and the US, strategists led by Michael Hartnett wrote in a note. Allocation to US equities “collapsed” during the first month of 2023, with investors a net 39% underweight the asset class, they said, exceeding even the UK’s 15%.

If the quantum of hike in tax is around this level, then Jefferies believes ITC can absorb it by passing on to consumers and not seeing any major hit to volumes. The sector has seen notable recovery in legal cigarette volumes this year, while most other parts of consumption have seen sharp inflation in the past three years.

In the December quarter, Kacholia added two new stocks -- Goldiam International and Raghav Productivity Enhancers -- to his kitty.

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