Foreign Portfolio Investors' (FPI) fund flows show heightened confidence on the domestic investment cycle and premium consumption, according to a report by ICICI Securities.The analysts said that this sentiment contrasted with the FPIs' fading confidence in the tenacity of the global environment (reflected in fund flows to IT and global commodities) and broad-based mass consumption categories.
Open FlipInvesting in Indian auto stocks is a great way to participate in the country’s growth story because the sector is set to benefit from increased consumer spending, Tanmaya Desai, fund manager at SBI Mutual Fund, said on the sidelines of the launch of the company’s SBI Automotive Opportunities Fund.Also read: Tata Elxsi rides high on OEMs' software development spend.
Open FlipThe board of Info Edge (India) Ltd on Wednesday, May 16, recommended a final dividend of ₹12 per share after the company's net profit for the fourth quarter of the 2023-24 fiscal fell 1.2% sequentially to ₹211 crore. In its earnings report for the fourth quarter of the 2023-24 financial year, the company clocked 2.2% higher revenue from operations, amounting to ₹608 crore.
Open Flip