sdfsdNitasha Shankar: In our opinion, as the world adjusts to this new phase, the high discount rates would bring about some sanity in expectations and as a result - valuations. If this does indeed turn out to be the case, it would be a much-required “healthy” correction. No doubt, global slowdown and higher inflation would impact select sectors and companies as demand would generally take a hit. But while the lower ask rates do adjust for the expected slowdown, where we draw comfort is from the fact that India continues to be amongst the largest growing economies globally.Source: BusinessToday
M&M shares hit all-time high as Scorpio-N gets record bookings within 30 mins
Shares of Mahindra and Mahindra (M&M) hit a fresh all-time high today after the homegrown sports utility vehicle maker said that it recorded 1,00,000 bookings for the all-new Scorpio-N within 30 minutes- collecting around Rs 18,000 crore ($2.3 billion) on ex-showroom value.
The large-cap stock reached an record high of Rs 1,247.60, rising up to 7.11 per cent against the previous close of Rs 1,164.75 on BSE. It opened with a gain of 2.6 per cent at Rs 1,195 today. M&M stock is trading higher than 5-day, 20-day, 50 day, 100-day and 200-day moving averages.Source: BusinessToday#ScorpioN