Market update: With a rally of 35.88% Dish TV was the top performer of the week as its shares closed at Rs 17.95 on September 9.
If all cards fall into place, market watchers believe that it all adds up to a good topline for companies in the foreseeable future.
Maruti Suzuki’s revenue to grow at a CAGR of ~18% from FY21 to FY25E and the operating margins of the company to improve by 440 basis points.
Value stocks are the ones that are trading at relatively low multiples compared to their earnings and growth potential
Muted institutional flows are leading to some consolidation but there is decent buying in many quality midcap and smallcap stocks.
This week Sensex rose 175 points or 0.30% to settle at 58,305. The Nifty 50 index gained 45 points or 0.26% to settle at 17,369.
Indian benchmark equity indices settled with modest gains on September 9 amid the weekly expiry of derivatives contracts.
Overall market breadth was positive as 1,844 stocks advanced on the BSE, while 1,345 declined and 161 remained unchanged.
BSE MidCap index scaled to a new peak of 24,715, while BSE SmallCap index touched a new high of 27,645 in today's session.
Rain Industries' consolidated net profit surged 672.4% YoY to Rs 265.80 crore on a 54.3% jump in net sales to Rs 3,643.47 crore in Q1 June 2021.