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As part of the merger, all shareholders of Mindtree will be issued shares of LTI in the ratio of 73 shares of LTI for every 100 shares of Mindtree.

Consolidated sales of its consumer business grew by 7% year-on-year, while consolidated EBITDA declined by 15% year-on-year. The consolidated net profit of consumer business also declined by 21% year-on-year.

Thanks to bumper sales in Q2, the overall bond issuances rose to Rs 3.3 lakh crore in the first half, and the agency expects Rs 3.7-4.2 lakh crore sales in H2 FY23, marginally higher than the year-ago period, taking the volume of outstanding bonds to Rs 41-42 lakh crore by March 2023. However, this translates into a muted on-year growth of just 4-5 per cent.

“For SUVs, we have gone up anywhere between 4.5% and 6.5% in market share which is a huge jump from a revenue market share standpoint. We are north of 19% right now and there is a wait time. Our bookings have just been tremendous. We closed last fiscal year at 29,000; we will be at 39,000 at the end of this fiscal year and 49,000 at the end of the next fiscal year.”

"A counter argument could be that India was a small market back then, but even now India is only 3% of global m-cap. With a slowdown threatening major world economies, India’s superior record in generating long term multibaggers will only improve," the report said.

However, its revenue from operations increased 28.95% to Rs 3,076.38 crore in Q2FY23 from 2,385.61 in Q2FY22. Whereas, the total expenses of the company increased 39.2% to Rs 2,885.07 crore in Q2FY23 from Rs 2,072.60 crore in Q2FY22.

These days there are multiple investment options for your child. However, you must not only assess the child’s plans. Investments may help meet one specific goal but not generate money for other purposes. For a goal this important, it is advisable to speak to your investment adviser and find the best plans suited for your child’s financial needs at various stages of life.

Brokerage BNP Paribas is selective on stocks, with an overweight rating on the banking sector and also on the Indian IT space.

For Nifty, 18,100 will act as a support level which will act as a cushion for the bulls, and for Bank Nifty 41,500 should act as strong support. The upside visible targets for Bank Nifty is 43,500-44,000. The metal index on the other end has witnessed strong buying throughout the week and is likely to continue the momentum on the upside. "

Hindustan Zinc is a high dividend yield stock. For FY 2022, the company announced a total dividend of Rs 18 per share which at the current price results in a substantial yield of close to 6%.