India VIX was down by 1.83% from 10.67 to 10.87 levels in the previous session. Volatility has been cooling off from the last three weeks and comforting the bulls at support zones.
Eicher Motors Ltd on Friday said its arm VE Commercial Vehicles Ltd posted a 29.4 per cent growth in total sales at 6,476 units in August 2023. In the domestic commercial vehicles market, Eicher branded trucks and buses recorded sales of 5,907 units last month as compared to 4,530 units in August 2022.
“If companies can compound earnings by even 17-18% or so, for an extended period of time, then you have a multibagger in your investment holdings. This is true of the last so many stocks that I have seen for the last 10-15 years or so. The critical thing is to remain invested and ride through the turbulence.”