Thu, Aug 8, 2024 2:02 PM
Accumulate Sonata Software; target of Rs 694: KR Choksey
A Flip by Avya Verma
Chinese smartphone brands are expected to retain their stronghold in the Indian market, cornering around 75 percent of shipments in 2025, a slight increase from 74 percent in 2024. Analysts highlighted that this dominance has been a consistent trend since 2020. The Indian smartphone market is likely to experience modest growth, with shipments likely to surpass 160 million units in 2025.
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PMS fund manager Saurabh Mukherjea, who runs Marcellus Investment, has tweaked his portfolios to add Berger Paints, Eris Lifesciences and Home First Finance to his midcap and smallcap schemes. After growing handsomely over FY24, the wheels of the broader corporate earnings seem to have come off in the last 2 quarters with BSE500 weighted average PAT growth moderating to single digit in Q2.
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Shares of Adani Power today rallied as much as 6% on the BSE to their day’s high of Rs 571.50 as the stock witnessed a significant spike in its trading volumes on both the exchanges. Around 10:45 am on Wednesday, January 15, the stocks total traded quantity (TTQ) recorded on the NSE website was 268.63 lakh shares amounting to a value of Rs 1,474.58 crore.
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