Reliance Industries, incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1718122.69 Crore) operating in Diversified sector.

Coupled with GRMs of US$10.5-12.4/bbl (net of windfall tax and estimated inventory loss), the brokerage believes operating earnings for the 3 companies will likely swing back to the black post the record loss seen in Q2.

Promoters held 52.98 per cent stake in the company as of 30-Sep-2022, while FIIs owned 13.17 per cent, DIIs 20.89 per cent.

Attractive valuation (1.2xFY24E Adj. BVPS) makes the stock rewarding factoring FY23E/FY24E ROA of 2.1%.

Presence of green tall bar post a pullback off supportzone implies a reversal in trend in place since April.

Pattern of three crows and a bearish turtle breaksuggests continuation of downtrend since October.

ABC breakout post bullish anchor column suggests commencing of a new trend on the upside.

Growth at ICICI Prudential and Max Life is expected to be weaker on account of persistent challenges at their respective key bancassurance partners.

The brokerage likes Astral for its leadership presence in the CPVC segment, strong retail franchise, superior revenue/earnings growth, and healthy return ratios. Astral has also forayed in paints and bathware businesses in FY23.

Prince Pipes & Fittings, incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 6489.96 Crore) operating in Plastics sector.

Somany Ceramics, incorporated in the year 1968, is a Small Cap company (having a market cap of Rs 2121.80 Crore) operating in Building Materials sector.

Supreme Industries, incorporated in the year 1942, is a Mid Cap company (having a market cap of Rs 30986.93 Crore) operating in Plastics sector.

It expects gas prices peaked out in Q2FY23. The rebound in exports (from Morbi) should reduce pressure in domestic markets, thereby further boosting Kajaria’s margin.

The company is also foraying into the high-growth particle board market in Q4FY24 with modern machinery to meet the rising demand from furniture OEMs.

Promoters held 53.1% stake in the company as of September quarter, while FIIs owned 0% and DIIs 21.19 per cent.

Promoters held 59.48 per cent stake in the company as of 30-Sep-2022, while FIIs owned 25.16 per cent, DIIs 9.71 per cent.

Promoters held 73.04 per cent stake in the company as of 30-Sep-2022, while FIIs owned 7.01 per cent, DIIs 12.5 per cent.

Brigade Enterprises, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 10532.27 Crore) operating in Real Estate sector.

Mahindra & Mahindra Financial Services, incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 29467.39 Crore) operating in NBFC sector.

Nuvoco Vistas Corporation, incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 13405.86 Crore) operating in General sector.