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Cholamandalam Investment & Finance Company Ltd. fell 1.51 per cent to Rs 1212.0 at 12:53PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap down start to the session.

Parag Parikh Flexi Cap Fund, a flagship scheme of Parag Parikh Mutual Fund, crossed Rs 50,000 crore in assets under management in December, an analysis of AUM trend by ETMutualFunds showed. The scheme manages assets worth Rs 52,684.28 crore as on December, according to Amfi. The AUM of the scheme has grown by around 80 per cent in 2023. Launched in May 2013, the flexi cap scheme has completed 10.62 years. The scheme offered 19.34% since inception. The scheme offered 19.47% in 10 years, 22.77% in five years, and 22.34% in three years. In the 10-, five-, and three-year horizons, the benchmark (Nifty 500 — TRI) offered 16.26%, 17.60%, and 18.96% respectively. This shows that the scheme has managed to beat its benchmark during these horizons.

₹1 lakh crore. Antique Stock Broking raised the target price of Tata Power shares as it believes the company will outperform the sector for three crucial reasons. The brokerage firm maintained a ‘Buy’ rating on the stock and revised the target price to ₹450 per share from ₹422 earlier, implying an upside of more than 32% from Tuesday’s closing price.

DLF Ltd. traded 1.07 per cent up at Rs 780.95 at around 12:58PM (IST) on Wednesday. The stock had closed at Rs 789.4 in the previous session.

Dipan Mehta, Director, Elixir Equities, says “whenever we find that the performance is not up to our expectations, then we are trimming or exiting those positions and remaining in cash and that really has been my advice amongst the minority who feel that there should be a correction in 2024, all kinds of blue sky scenario notwithstanding. These markets cannot keep on going up like this.” UP has now become the go-to place when it comes to religious tourism. No one would have thought that this kind of a number would be there in terms of footfalls for Banaras and now for Ayodhya. Is that a theme which you are betting on? Dipan Mehta: We are very positive on travel and tourism and I have spoken about Indian Hotels and InterGlobal aviation also and then there is, of course, our favourite, with disclosures, Mahindra Holiday, which I think has performed below its potential. So, first of all, there are very few plays in this particular investment theme, but whatever is there,, has got great long-term prospects. These are great secular trends. You can see them compounding at 15% or thereabout for the next 5-10 years or so.

railway stocks, Nestle's trending status on the internet caught me off guard. On closer look, it turned out the Maggi manufacturer had just implemented a 1:10 stock split, with Friday marking its first ex-split trading day. This development made India's sixth most expensive stock 90% more affordable, attracting investors previously deterred by its lofty price.

Wealth Redefine. In an interview with LiveMint, Sarkar said that disciplined asset allocation safeguards investments by promoting a well-calibrated response to market dynamics. New-age investors are showing increased enthusiasm for aggressive equity investments, yet the key focus should always be on prudent asset allocation.

Life Insurance Corporation of India (LIC) has increased its stake in Navin Fluorine International, one of the largest Indian manufacturers of speciality fluorochemicals, by about 0.24% through open market. The insurance behemoth disclosed in a regulatory filing on Tuesday that it bought 1.21 lakh shares of Navin Fluorine International on January 08 at an average price of ₹3,630.39 apiece. As a result of this transaction, LIC's overall stake in Navin Fluorine International crossed over 5%, reaching 5.04%.

Also Read: Delta Corp shares plunge 5% after weak Q3 FY24 earnings “Also, the government reintroducing the interest subvention scheme (guidelines likely in Feb24 budget) could provide a trigger. We expect some demand to shift to mid-end or affordable in 2024," Jefferies said in a report. The brokerage noted that inventory was at cycle lows at 17-months supply, which should keep pricing strong (10% gains) in 2024.

enquiries and a substantial reduction in prices for Maldives vacation packages despite multiple long weekends in January, reported TOI. Formerly priced in the range of Rs 55,000 to Rs 70,000, three-day packages from Hyderabad, encompassing airfare, lodging, meals, and sightseeing, are presently accessible for Rs 45,000 or even less. Luxurious five-star packages, previously priced at over Rs 2.5 lakh, have now fallen below the Rs 2 lakh mark, as per travel agents. Additionally, the cost reduction trend may continue.

Crompton Greaves Consumer Electricals Ltd. traded 1.43 per cent up at Rs 318.9 on Wednesday at around 10:25AM (IST), while the benchmark BSE Sensex advanced 3.61 points to 71389.82. As many as 61,754 shares changed hands on the counter with a total value of Rs 1.96 crore.

India remains one of the best compounding markets in the region: NIFTY's 20% annual return last year ranks in the 62nd historical percentile over the past 3 decades, and is above the 14% average annual return in 2023 as per Goldman Sachs; Its 8th consecutive year of positive equity returns . Also Read- Goldman Sachs revises Nifty target to 23,500 for 2024, here's why 2. Record outperformance streak vs. MXAPJ- Record outperformance streak versus MXAPJ (MSCI Asia Pacific Ex Japan Index).it was the third successive year (only repeated once during 2005-07).

The letter ‘K’, whose shape is often used to denote a divergence in how the rich and poor are faring, has animated India’s economic discourse of late. Now, SBI Research, a department of the government-run State Bank of India, has weighed in with a report that attempts to debunk the notion of a ‘K-shaped recovery,’ calling this label “ill-concocted" and flawed for overlooking data that points to reduced inequality in what Indians earn, as recorded by the Central Board of Direct Taxes (CBDT).

₹50 trillion for the first time. As of 30 November, it stood at ₹50.6 trillion. Retail lending comprises housing and vehicle loans, credit card receivables, loans against gold jewellery, personal loans, etc.

BSE Midcap index ended with a slim gain of 0.07 per cent. However, the Smallcap index hit its fresh all-time high of 44,110.68 during the session, before ending with a gain of 0.37 per cent.

What does it mean for gardeners that the Pantone Institute has declared “Peach Fuzz” to be the color of the year for 2024

India has emerged as the third most important market from a local sales perspective for French automation and software company Schneider Electric that is looking to capitalise on five mega trends that is shaping global companies, the most important of which is the growing demand for its energy saving systems, said its top executive. It will be investing Rs 3200 crore ( euro 350 million) in expanding industrial footprint with 5 new greenfield factories in energy management and both automation products. “If you take the CO2 footprint that is generated today, 81 per cent of that is related to energy.

During the last week of December, I polled my Twitter followers for their outlook on the markets and the economy for 2024. The results were quite interesting, but before we look forward, we must look back at 2023 for context.

The US dollar is continuing to consolidate after Friday’s mixed data left the probability of a March rate cut above 50%, keeping yields steady around the 4% mark on the 10-year debt.

Confirmation bias: This is the tendency to search for, interpret, focus on and remember in a way that confirms our preconception. An investor whose investment holdings are concentrated in a specific sector or group of stocks may only absorb good news and ignore bad news regarding these investments. Anchoring: Tendency to focus on one piece of information when making decisions, usually the first piece of information obtained on the subject.

TCS Q3 Results Preview: Expect muted earnings growth; deal wins, outlook on near-term demand to be in focus In the last two months, there has been a positive transformation in the global macroeconomic landscape. Anticipations include robust growth in the US, earlier-than-expected interest rate reductions in both the US and Asian regions, and a projected mild depreciation of the dollar throughout the year.