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.
While Chief Economic Adviser V Anantha Nageswaran has hinted at the finance ministry raising its growth forecast for 2023-24 later this month, economists see the RBI acting next week itself while announcing the latest monetary policy decision
Data shows weakness in the consumption story. Private final consumption expenditure was a let-down as growth nearly halved to 3.1% in Q2, from 6% in Q1. Another disappointment was the agriculture sector that grew a mere 1.2%, its slowest expansion in four and a half years.
The Rs 321 crore IPO of EMS will kick-off for bidding on Friday as the wastewater treatment player is selling its shares in range of Rs 200-211 apiece with a lot size of 70 shares.
Aeroflex Industries IPO: "With high entry barriers and with investing in new technologies which has helped the company to improve its products, we believe that the company has a potential to grow in the long term and thus we assign a 'Subscribe' rating for the issue," Choice Broking said.