Mutual funds' largecap investment universe is expected to see seven changes in the upcoming stock reclassification exercise by the Association of Mutual Funds in India (Amfi). According to a report by IIFL Securities, Hero MotoCorp, Zydus Lifesciences, JSW Energy, NHPC, Bharat Heavy Electricals, Bosch and Samvardhana Motherson are expected to earn upgrades in the revised list of largecap, midcap and smallcap stocks set to be released in the first week of July. Amfi revises the list at the start of January and July every year based on the previous six-month performance of the stock.
Auto component maker Bosch said it will invest Rs 2,200 crore (Rs 22 billion) in India in the next two years to enhance its production capacity and develop new technologies for the domestic market.
Women's T20 World Cup set for first-time champion as New Zealand-South Africa clash in final
Bosch Ltd, a supplier of automotive components to original equipment makers, has reported 69.4 per cent drop in net profit to Rs 49.3 crore for its first quarter ended March 2009, compared with the corresponding quarter last year. Its net sales for the quarter dropped 20.6 per cent to Rs 991.6 crore.
Photos from the final of the ICC Women's T20 Cricket World Cup
Midcap stocks Hero MotoCorp, Zydus Lifesciences, JSW Energy, NHPC, Bharat Heavy Electricals, Bosch, and Samvardhana Motherson are expected to earn upgrades.
As per the plans, the capacity of Bosch's production unit in Bangalore would be hiked to five lakh tools per annum in the next three years from the current installed capacity of 2.2 lakh.
The Proteas began on a convincing note with the bat and remained safe at 29 for no loss at the lunch break.
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Pradosh then forged an alliance with Shardul Thakur (70 not out) as the duo added another 152 runs to overhaul South Africa A's total and take a 58-run lead.
The second Women's T20I between India and South Africa in Chennai was called off due to rain after South Africa set a challenging target of 177 for 6.
Wolvaardt and Luus joined forces to push the hosts on the backfoot.
With a line-up of thrilling matches and intense competition, the ICC Women's T20 World Cup is sure to captivate fans around the globe. Stay tuned for updates and highlights as the tournament unfolds. Ahead of the tournament, here's everything you need to know about the upcoming ICC Women's T20 World Cup.
She was also the star in the previous Test against Australia last December in Mumbai, where she took seven wickets in the entire encounter.
Mandhana's sixth ODI century (117, 127 balls , 12x4s, 1x6) formed the fulcrum of India's competitive 265 for eight on a sluggish Chinnaswamy pitch.
'We want to prove to the world that they will get the best code written from a small place like Wayanad.'
Skipper Harmanpreet Kaur made a 48-ball 42 before Richa Ghosh sealed the chase with a six off Tumi Sekhukhune in the 41st over. India won with 56 balls to spare.
India inflicted a crushing 10-wicket defeat on South Africa in the one-off Women's Test in Chennai
Mandhana 136 (120b, 18x4, 2x6) and Harmanpreet 103 not out (88b, 9x4, 3x6) ran roughshod over the Proteas bowlers after being asked to bat first.
Half of India's top-priced stocks have outperformed the benchmark indices this year. On a year-to-date basis (YTD), the Sensex has gained 3.8 per cent and the Nifty50 3.4 per cent. The stocks which have outperformed the indices include 3M India, Nestle India, MRF, Shree Cement and Bosch while those who have underperformed the benchmarks include Page Industries (-10.4 per cent), Procter & Gamble (-4 per cent), Honeywell Automation (-0.9) and Lakshmi Machine Works, which gained 1.3 per cent.
The company has also decided not to absorb about 300 trainees, who were undertaking vocational training at its different plants in the country. The company is closing down temporarily the manufacturing activities of starters and generators at its Naganathapura plant from December 19-31.
IMAGES from the Women's T20 World Cup 2nd semi-final between South Africa and England in Cape Town on Friday.
The rally in the equity markets in the second half of 2023 has led to a sharp surge in the cutoff for stocks to qualify as largecaps and midcaps. On the latest list put out by the Association of Mutual Funds in India (Amfi), the smallest largecap stock now has a market capitalisation (m-cap) of Rs 67,000 crore, 35 per cent higher than in July 2023. In the case of midcaps, the cutoff has surged 26 per cent to Rs 22,000 crore.
Polycab India, Power Finance Corporation, Shriram Finance, and Union Bank of India appear poised to transition from the mid-cap to the large-cap category within the domestic mutual fund industry. Their market capitalisation (m-cap) now ranks among the top 100, which is the threshold for the large-cap universe defined by the Securities and Exchange Board of India.
Bharat Forge, the Pune-based automotive component maker, has been one of the top-performing companies in its segment. The company's stock price is up 39.3 per cent since the beginning of the 2023 calendar year, surpassing other leading automotive component makers such as Bosch and Samvardhana Motherson International. The stock also outperformed the benchmark BSE Sensex, which is up 17.3 per cent year to date so far.
Passenger vehicles, motorcycles, bikes and commercial vehicles made their presence felt at the Munich Auto Show.
Harleen Deol's (52) confident maiden international fifty was the only silver lining for an otherwise lacklustre display by the Indians, who posted a modest 130 for 6 after being invited to bat.
Beat England to reach maiden Women's T20 World Cup final in Cape Town on Friday.
The Australian wildcard continued his renaissance by beating Italian Davide Sanguinetti.
Mithali Raj played a captain's knock, scoring an unbeaten 79 but South Africa registered a five-wicket victory in a low-scoring fifth and final women's ODI to seal the series 4-1.
The Indian women's compound team of Jyothi Surekha Vennam, Aditi Swami and Parneet Kaur won the gold medal in the World Archery Championships.
South Africa women registered a series-clinching six-wicket win in a last ball thriller in the second T20 International
The player draft for the much-awaited Global T20 Canada 2023 was held in a hybrid-form in Mumbai.
Component makers don't see any recovery yet, but manufacturers believe the end of poor sales is nearing its end.
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Mithali Raj joins England's Charlotte Edwards in the elite club
Images from the Women's T20 World Cup Final between Australia and South Africa played in Cape Town on Sunday
India's biggest car maker Maruti Suzuki said on Tuesday that its vehicle production in September will tumble by 60 per cent due to chip shortage. The company, which had earlier cut down production at its Gujarat plant, said the chip shortage will hit production in Gurugram and Manesar plants, effectively forcing the automaker to cut production by 60 per cent. Owing to a supply constraint of electronic components due to semiconductor shortage, the company is expecting an adverse impact on vehicle production in September in both Haryana and its contract manufacturing company, Suzuki Motor Gujarat Pvt Ltd. (SMG) in Gujarat.
