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The Indian stock market is expected to continue to deliver over 11-12 per cent returns with short term corrections, said a senior official of Anand Rathi Wealth Ltd. He said short term corrections in the market are inevitable and investors should use that as an opportunity to invest. Responding to the query whether the bull run is coming to a halt, Deputy CEO Feroze Azeez told IANS: “Equity, as an asset class, goes through bear and bull market cycles. A bull cycle is a period wher...
Indian stock market to deliver 11-12% returns with short term corrections
Important Highlights Q1 FY24 (Y-o-Y) Private Wealth (PW) (Holding Company) • Total Revenue increased by 32% to ?171 crores • PAT grew by 33% to ?52 crores • AUM increased by 31% to ?42,246 crores • Equity Mutual AUM increased by 36% to ?19,982 crores • Share of Equity Mutual Funds in AUM increased to 47% (PY 46%) • No of Active client families increased by 1,270 to 8,747 Digital Wealth (DW) (Subsidiary Company) • AUM increased by 4...
Anand Rathi Wealth Limited Q1 FY24 PAT and Revenues grows by 34% Y-o-Y
Below are Views On Post Budget Reaction By Mr. Anand Rathi, Founder & Chairman, Anand Rathi Group "A 33% increase in capital expenditure to 10 lac crore rupees, the highest ever will go a long way in building roads, ports, and airports — crucial for making India a reliable investment destination. Investment of Rs. 2.4 lac crore in Railways is commendable. Boost to capex before the national polls is an indication Modi is focused on realizing his dream of making Indi...
Post Budget Reaction : Fiscal Deficit target to 5.9% for 23/24, a welcome move & help in maintaining the interest rate lower Says Mr. Anand Rathi, Anand Rathi Group
India's annual retail inflation eased below its central bank's upper tolerance level for the first time this year in November amid a softer rise in food prices, surprising economists, with some expecting a pause in rate hikes. Annual retail inflation rose 5.88% in November from 6.77% in the previous month, government data showed on Monday. Analysts in a Reuters poll had predicted a November reading of 6.40%. Food price inflation, which accounts for nearly 40% of the consumer pri...
India`s November retail inflation below 6% for first time this year
India's annual retail inflation eased to 5.88% in November from 6.77% in the previous month, helped by a slower rise in food prices, government data showed on Monday. The Dec. 5-8 Reuters poll of 45 economists had predicted the second consecutive decline in inflation to an annual 6.40% from 6.77% in October. COMMENTARY SUJAN HAJRA, CHIEF ECONOMIST, ANAND RATHI, MUMBAI "Retail inflation and industrial production data released today came substantially below our and co...
INSTANT VIEW India's November retail inflation eases to 5.88% y/y
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