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A slowing trend was also witnessed in the number of Unicorns minted during the year 2022 which was down to 22 from 44 in the previous year. The silver lining was that a couple of new-age tech companies, Delhivery and Tracxn, got listed on the Indian bourses.

Many long-term investors often draw inspiration from Warren Buffet, so let me use one of Berkshire’s investments as a test case to debunk that myth. The investment in question is Coca-Cola (KO) - one of the largest beverage companies in the world, the second-largest holding at Berkshire Hathaway.

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Travellers streamed into China by air, land and sea on Sunday, as Beijing opened borders that have been all but shut since the start of the COVID-19 pandemic. Miners added 1.7% as base metal prices advanced on hopes of demand recovery from top consumer China.

EBITDA during the quarter is expected at Rs 82 crore, up 9.4% QoQ. EBITDA margins are likely to improve 113 bps QoQ to 18.9%. HCG is expected to post a net profit of Rs 20 crore.

“We look at the sectors which are neglected, beaten down and are in the most neglected or untouchable zone, from money managers’ perspective. These are the areas where you will generate alpha in 2023 and maybe in this decade also. Metals will be one of the themes of 2023. The other two will be PSU and power.”

The government has been unable to proceed with the strategic disinvestment of Bharat Petroleum Corp, Container Corporation of India, and Shipping Corporation of India due to regulatory challenges and adverse market conditions.

The brokerage has reduced Bills cuts/store estimates and consequently FY23/24/25 EPS has changed by 1.3%, -7.3% and 6.8% respectively.

The stock quoted a 52-week high price of Rs 1471.2 and a 52-week low of Rs 1070.95.

The stock trading at a PE level of 13.7x comes with a dividend yield of 1.35%. The diversified conglomerate is spread across verticals like edible oil, distillery, and real estate.Last month, the company bagged Rs 285 crore order to supply 4.9 crores litres of ethanol to oil marketing companies. Additionally, the distillery unit of the company had also bagged an order to supply 1.65 crore litres of ethanol to Reliance Industries with an order value of Rs 107 crore.