SBI recorded robust net profit of RS. 13,264.52 For 2nd quarter 2022-23. While all 12 public sector banks recorded cumulative profits of Rs. 25,685 in Q2FY23. Cleaner books, higher growth capital and low NPA ratio is seen as healthy signal for PSU sector.
Digital payments especially UPI usage among young population is exploding and according to latest study by Phonepe and Boston Consulting Group (BCG), “India’s digital market is expected to reach $10 trillion by 2026”.
In past three year the stock gave a return of 142.35% as compared to Nifty which gave a return of 53.33% and 142.48% return compared to 52.35% rise in Sensex
ITC posted yet another strong numbers in Q2FY23 with all key business verticals registered strong performance with the cigarette, non-cigarette FMCG, Agri and paperboard, paper & packaging (PPP) business grew by 23 %, 21 %, 44 % and 25 %YoY, respectively.
With extensive use of futuristic technologies, youth inspiring vehicles, dominant position in EV segment the company has earned a very wide market share in Indian automobile sector.
Engaged in manufacturing and trading of refrigerant gases, caustic soda, chloromethane, polytetrafluoroethylene (PTFE) fluoropolymers, fluoromonomers specialty, fluorointermediates specialty chemicals and allied activities.
Short term Trend: Consolidating and Stock Support: ₹10-11
Company is going to get benefits of increasing demand in Li-ion batteries and Aluminium electrolyzer for Green Hydrogen production in upcoming years as India targets to reduce its CO2 emissions in upcoming years.
The policy aims to lower the cost of logistics from the existing 13-14% and lead it to par with other developed countries.