- India Size Shifts – A Top 5 Economy Now India breaking into top 5 economies in the World.
- Likely to be in top 3 in next 5 years. From $3.7 tn in 2023, Indian economy is likely to reach $5.9 tn by 2028 (IMF), with growth averaging 6.3% from 2023- 2028. India’s economy continues to be one of the faster growing major economies
- FY24 inflation eased to 5.4%-5.5% range (FY23 : 6.7% y/y) – with core likely ~4.5%.
- FY25 (P) inflation expected to moderate further to 5% mark
- Working population group is 694 Mn (ages 20-55), making it the second largest labour force in the world, only after China’s.
- Median age below 30 years makes India one of the youngest population in the world
- Sustained levels of elevated GST collections suggest improving compliance, rising consumption demand and favorable economic outlook.
- Domestic equity markets fell after witnessing a rise in the previous week as key benchmark indices S&P BSE Sensex and Nifty 50 fell 1.22% and 1.24% respectively
- The small-cap segment also closed in red, however, the mid-cap segment witnessed gains.
- Domestic equity markets started the week with healthy gains and reached a fresh high as sentiments underpinned by the better-than- expected quarterly earning updates from some of the index heavy- weights along with hope for early rate cut by the U.S. Fed and the European Central Bank.
- On the BSE sectoral front, S&P BSE Oil & Gas rose 4.19% due to surge in state-run oil companies which was fueled by capital spending of Rs. 89,000 crore that represented 84% of capex target of FY24, in the first nine months of the current fiscal year to improve new production and distribution facilities.
- S&P BSE Bankex fell 3.65% as outlook soured for banking sector following the Q3FY24 result of the country’s biggest private sector lender, HDFC Bank Results.
- The primary investment objective of the scheme is to seek to generate capital appreciation & provide long term growth opportunities by investing in a portfolio constituted of equity securities & Equity related securities and the secondary objective is to generate consistent returns by investing in debt and money market securities.
- The fund has 98.37% investment in domestic equities of which 36% is in Large Cap stocks, 21.97% is in Mid Cap stocks, 23.75% in Small Cap stocks.
- To invest in SIP & in Mutual Funds Click the link and start your investments instantly
- CEAT, established in 1958, is one of the largest tyre manufacturers and one of the fastest-growing tyre companies in India. CEAT became a part of the RPG Group in 1982. It is amongst the Top 25 best workplaces in Manufacturing by GPTW for 2022
- With a growth in Net Profit of 38.03%, the company declared Outstanding results in Sep 23
- The company has declared positive results for the last 4 consecutive quarters
- ROCE(HY) Highest at 16.58 %
- OPERATING PROFIT TO INTEREST(Q) Highest at 6.36 times
- With ROCE of 16.7, it has a Very Attractive valuation with a 2.4
Enterprise value to Capital Employed
- High Institutional Holdings at 34.29%
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