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Shriram Finance is the largest NBFC in India with an AUM of over Rs 2 lakh crore, said Bonanza, which believes that Shriram Finance appears cyclically well-positioned for business growth.
Luxury watch retailer Ethos is projected to see its shares cross the ₹3,000 mark, driven by the expected fivefold expansion of India's luxury market in the next decade. Axis Securities has initiated coverage on the stock with a 'buy' rating, setting a target price of ₹3,050 apiece.
Even though no major announcements are expected in the Interim Budget, the market is seeing corrections. However, if the last two votes on account in 2014 and 2019 are any indication, the market will bounce back within three months of the Interim Budget
Market circles said it was a much-needed correction, given the heady valuations, and investors must use this opportunity to accumulate quality stocks for the medium- and long-term. It came on the back of big unwinding in banking, metal and oil shares that was caused by global and domestic factors
While experts believe that the market valuations were expensive on the back of multiple new peaks hit since September last year, do the recent corrections make for a good buying opportunity?