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Valuation concern persists. Hedging bets with strong earnings growth. Risk-reward opportunities in banking, pharma, tech. EMS sector, Dixon Tech, Amber Enterprises, Kaynes Technology, Syrmavery have growth potential. Linear growth in pharma midcap names, PB Fintech, Paytm, and insurance tech market show promise. Fair valuation and growth rate must be assessed.
China's leading mobile phone manufacturer, BBK Group, is set to commence production of Oppo, Vivo, and Realme smartphones in collaboration with Indian firms Dixon Technologies and Karbonn Group, as per informed sources. This move is partly driven by government pressure to engage local partners and leverage the production-linked incentive (PLI) scheme for phone manufacturing
Amount from share sales at ₹39,163 crore, 31% higher than a year earlier
News agency Reuters reports that a January 3 letter and a confidential presentation drafted by Indian Deputy IT Minister Rajeev Chandrasekhar and sent to Finance Minister Nirmala Sitharaman show the extent of his ministry's concerns about the country losing out to China, Vietnam, Thailand, and Mexico due to the uncompetitive tariffs.
"The market probably looked at global clues and fell yesterday. The Interim Budget was way beyond expectations of the market on fiscal consolidation. It still delivered inclusive growth and infrastructure investment. Net-net this is citizen's pride and peer's envy vote-on-account," said Dalal Street veteran Nilesh Shah of Kotak Mutual Fund.