HDFC Securities predicts strong margin expansion in Q4 and 9% earning growth in FY25. Consolidation in earnings expected to keep markets range-bound. Fresh ideas include IT, steel stocks, cement, building materials. Autos and real estate may peak in FY25. Private banking remains a good space. Rotation expected from overheated sectors to underperforming sectors. Gradual improvement in rural demand.
Art teachers from the Faculty of Fine Arts at M S University in Vadodara come together to exhibit their artworks at the 'Shifting Practices 2024' exhibition. The exhibition features artworks from 26 teachers from various departments and aims to motivate students and foster a sense of togetherness among the teaching fraternity.
The Nifty SmallCap 100 is trading at a high P/B value of 6.7, and at least 128 smallcap multibaggers are trading above their 5-year average PE level. Companies in sectors like chemicals, consumer durables, energy, IT, and BFSI are overheated. The recent Q3 earnings season has added to concerns about expensive valuations for PSU railways, defence, and power stocks.
The opening ceremony of the 8th Sahayog Contemporary Art Exhibition held at the Nehru Centre Art Gallery in Worli was a resounding success, showcasing a diverse array of artistic expressions.