But what we need to really look at from now on is that at such high valuations one has to really look at what is the trend in terms of volume growth because you know after a point of time when you have gained a lot of market share you become a proxy to the industry and hence your growth starts to taper off.

On the options front, the weekly maximum Call OI is placed at 18000 and then 18100 strikes while the weekly maximum Put OI is placed at 18000, and then towards 17,600 strikes. Meaningful Call writing is seen at 18000 then 18100 strikes while minor Put writing at 17800 then 17600 strikes.

"Wage hikes and income generation as such has been moderate, in the range of single digit hikes, which barely catches up with inflation. Now under this circumstance, onc cannot assume that consumers will have an unending availability of capital. Mid-6-7-8% growth rate for refrigerators, washing machines or even TVs would be my expectation for this year. "

Top stock picks: The brokerage is bullish on private banks, insurance, select industrials, consumer discretionary, automobiles and telcos. Stocks in its portfolio include Maruti Suzuki, M&M, Sun Pharmaceutical, Fortis Healthcare, Bharti Airtel, HDFC Bank, ICICI Bank, Axis Bank and SBI Life Insurance.

“A better way to play pharma would be through hospital stocks. Then we also have these domestic-oriented pharma companies like JB Chemicals or Eris Lifesciences and then the pharma MNCs. Those also are a secular growth story at this point of time because spending on medicine is going to keep on increasing as healthcare possibilities expand.”

ICICI Direct has handpicked nine stocks that can give an average return of 22% in 2023. The list includes L&T, Ambuja Cements, Bosch, Federal Bank, Sundaram Finance, Bajaj Electricals, KEC International, Mishra Dhatu Nigam and Techno Electric.

Bajaj Electricals, incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 13166.30 Crore) operating in Consumer Durables sector.

Polycab India is the market leader in wires and cables (W&C) industry with 22% share in the organized space. It boasts of an extensive product portfolio and has wide distribution reach with retail touch points of 2,05,000 - second only to Bajaj Electricals.

The revenues for the BSE500 universe grew 24 percent year-on-year and 3 percent from the previous quarter. However, the inflationary pressures escalated the input costs which resulted in a mid-single digit YoY and sequential growth in operating profit

ICICI Direct recommended hold rating on Bajaj Electricals with a target price of Rs 1275 in its research report dated November 09, 2022.

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 13360.63 Crore) operating in Consumer Durables sector.

"We have delivered a PBT growth of 6 per cent in spite of revenue degrowth and absorption of high-cost inventories. EPC has delivered positive EBIT for the current quarter coupled with a strong focus on the collection of receivables," Bajaj Electricals Chairman and Managing Director Shekhar Bajaj said.

Net Sales are expected to increase by 6.9 percent Y-o-Y (up 13.3 percent Q-o-Q) to Rs. 1,392.1 crore, according to Yes Securities.

Information technology stocks across the board have rebounded after the losses in the recent sessions. Stocks such as Infosys, HCL Technologies, Mphasis, and L&T Technology Services have risen 3-5% last week.

Domestic brokerage house ICICI Direct is bullish on the companys prospects.

Bharat Heavy Electricals Ltd., incorporated in the year 1964, is a Mid Cap company (having a market cap of Rs 20683.46 Crore) operating in Engineering sector.

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 12808.99 Crore) operating in Consumer Durables sector.

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 1237.41 crore, down 8.70 per cent from last quarter total income of Rs 1355.34 crore and up 42.99 per cent from last year same quarter total income of Rs 865.37 crore.

The next meeting of the board of directors is to be held on Friday, September 23, 2022, inter-alia to consider and approve the scheme of arrangement ("Demerger") and any other matter incidental thereto, said the company in BSE filing.

Softening in inflation may augur well for consumer discretionary players ahead of the festive season, the brokerage added. Besides, the governments capex push, favourable demographics as well as resilience in real estate shall enable long-term volume growth for segments within the space, including paints and electrical consumer companies, it said.

Demand for employee experience management solutions has risen as companies battle attrition while balancing work-from-home requirements, Kulmeet Bawa, SAP Indian subcontinent president and managing director, told ET.

Century Textiles has broken out from the symmetrical triangle on the weekly chart. Primary trend of the stock is positive as it is trading above 20 and 50 and 100 week moving averages.

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 13874.73 Crore) operating in Consumer Durables sector.

The market, which snapped its eight-day winning streak on August 19, is in for a volatile run in the monthly expiry week

The scrutiny of the health of the CEO is yet to be seen amongst the Indian boards and investors. Health — even if of the top-most executive — is still a sensitive and personal issue and isnt made into a big issue that can adversely impact the eternal optimism with which Indian businesses are run.

Bharat Heavy Electricals Ltd., incorporated in the year 1964, is a Mid Cap company (having a market cap of Rs 19569.20 Crore) operating in Engineering sector.

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 14089.02 Crore) operating in Consumer Durables sector.

Bajaj Electricals shares rallied 6 percent to close at seven-month high of Rs 1,226.15 and has broken a long downward sloping resistance trend line (adjoining September 17, 2021 and August 8, 2022) with long bullish candlestick pattern formation along with strong volumes on the daily charts. Also it has given a Flag and Pole breakout on the daily charts, which is generally a positive indication.

Bajaj Electricals Ltd., incorporated in the year 1938, is a Mid Cap company (having a market cap of Rs 13280.09 Crore) operating in Consumer Durables sector.

Prabhudas Lilladher recommended accumulate rating on Bajaj Electricals with a target price of Rs 1211 in its research report dated August 16, 2022.

ICICI Direct is bullish on Bajaj Electricals has recommended buy rating on the stock with a target price of Rs 1340 in its research report dated August 16, 2022.

Bajaj Electricals Chairman Shekhar Bajaj said over the last few years a significant transformation journey has been embarked at Bajaj Electricals - involving many changes on the business as well as the organisational front. ​The company has also separated the post of chairman and managing director and its patron Shekhar Bajaj will continue as the executive chairman of the company.

New Delhi, Aug 12 Bajaj Electricals Ltd on Friday reported a consolidated net profit of Rs 41.19 crore for the first quarter ended June 30. The c..

"We have delivered a stable performance in this quarter on all parameters despite the pressures of commodity inflation and demand slowdown in the latter part of the quarter. EPC has delivered positive EBIT for the current quarter coupled with a strong focus on the collection of receivables," Bajaj Electricals Chairman and Managing Director Shekhar Bajaj said.

Despite inflationary pressures, growth, though dented, has helped them stay the course, companies said. The corporate sector has been tackling headwinds from rising input and logistics costs impacting their earnings in the next few quarters.

Despite inflationary pressures, growth, though dented, has helped them stay the course, companies said. The corporate sector has been tackling headwinds from rising input and logistics costs impacting their earnings in the next few quarters.

How Anuj Poddar staunched cash haemorrhage, repaid debt and more than doubled the market cap of Bajaj Electricals.

The BSE's barometer rose 10 per cent from recent lows. The index has hit the milestone after more than two and a half months, the data suggests. It had breached the 56,000 mark in the first week of May.Monetary policy tightening by the central banks, falling rupee, a boil in the crude oil prices, rising inflation and the crisis between Russia and Ukraine were weighing on the equity markets.

The stock hit a 52-week high of Rs 1,588 on 17 September 2021 but failed to hold on to the momentum. It closed at Rs 1,177 on 15 July 2022 which translates into a downside of more than 25 per cent.

The plant will ensure that the aquatic ecosystem is maintained while producing clean power, with innovatively engineered layouts and arrangements for the solar photovoltaic (PV) modules, electricals and floaters. All major components of the solar plant -- solar PV modules, floaters, biodegradable natural ester oil filled inverter-duty transformers, switchgear, SCADA and cables are indigenous, contributing to the government's 'Make in India' mission.

Net Sales are expected to increase by 56 percent Y-o-Y (up 0.6 percent Q-o-Q) to Rs 13,299 crore, according to Prabhudas Lilladher.

Stock price movements in the near-term will be in anticipation of better-than-expected Q1 results in these segments. Metals stocks are likely to bottom out absorbing the poor Q1 results.