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Q4 results today: Adani Total Gas, Cholamandalam Investment and Finance Company, Indus Towers, Central Bank of India, Procter and Gamble Hygiene and Health Care, Exide Industries, Vedant Fashions, Castrol India, Indiamart Intermesh, among others will announce their Q4 earnings today.
On Monday, 8 April, Indian Metals & Ferro Alloys (Rs 15/share), Prima Plastics (Rs 2/share), and Sun TV Network (Rs 3/share) will trade ex-dividend. Meanwhile, on Wednesday, 10 April, DCM Shriram Industries (Rs 2/share) and Vesuvius India (Rs 12.75/share) will trade ex-dividend.
Indian markets ended mixed due to global trends and moderation in service PMI data. Sensex ended slightly down while Nifty 50 ended slightly up. Bank Nifty settled lower and India's volatility index surged.
Sensex and Nifty 50 hit record highs but gains were limited due to mixed sectoral trends. Auto and oil & gas stocks were losers, while IT and banking stocks performed well.
Thirty-three Indian stocks have more than doubled investors' wealth in H1 2023. As of H1, the benchmark S&P BSE Sensex has given a 3.5% return, but a majority of the multibagger stocks identified come from the midcap and small-cap categories. Among the 33 stocks, six each are from the capital goods and information technology sectors, and over 100 stocks have beaten the benchmark by between 50-100%. Money managers recommend that investors continue to look for value buys from a long-term perspective.