FPIs raised their stake by 1-6% in cos such as PCJ, IndiGo, Jubilant Foodworks among others.
Analysts had earlier estimated 11% and 21% earnings growth for current and next fiscal.
India’s largest car maker Maruti Suzuki’s rural sales volume grew 22%, outperforming the total by five percentage points.
The company is planning to introduce hybrid version of its new generation of Jazz hatchback and City sedan post 2020.
The impact of the financials of Reliance Jio Infocomm, the telecom arm, on Reliance’s consolidated earnings was lower than investors expected.
Nearly 75% of car buyers in India visit showrooms after having gone online to make such inquiries, with about half already having made up their minds.
The extent of downgrade was sharper than the reduction in the past 2 quarters.
Unlike their parents, new generation buyers doesn’t want foot-of-the-ladder entry-level car, and are instead buying feature-laden machines with their first paychecks.
The total AUM of domestic mutual funds is 12 per cent of the GDP as compared to the global average of 55 per cent.
Incremental inflow from quants, ETFs and hedge funds may see a slowdown.
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