Indian Economy share price target

Corporate Performance: How have companies fared in Q3FY24? Capital Goods: Q3FY24 Review Momentum continues. Consumer Durables: Q3FY24 Review Cables, wires and EMS lead Q3 growth

Currency Outlook: Fortnightly forex review. JKLC: Volumes slow, headwinds continue retain SELL. Insurance: Q3FY24 Review Private insurers dominate the quarter. Building Materials: Q3FY24 Review Soft quarter on poor demand and margin pressure

Lifestyle Inflation Index: How lifestyle inflation rate has moved. Trade: Foreign Trade (April-January). Automobiles: Q3FY24 Review Healthy volumes on strong PV sales, 2W revival. IRMENERG: Management meet takeaways Volume growth potential

In January 2024, both the Consumer Price Index (CPI) inflation and the Wholesale Price Index (WPI) inflation fell. The Purchasing Managers' Index (PMI) indicates growth compared to the previous month. Industrial production rose YoY in December 2023.

The unemployment rate fell for the third consecutive month in January 2024. Foreign Institutional Investment (FII) outflows surged, and mutual funds recorded outflows. Crude oil prices rose, while consumption fell marginally. India's trade deficit narrowed sharply YoY.

AMBER: Persistent near-term challenges; cut to SELL. CPI and IIP: Still some pain points on inflation. Credit Composition: Study on personal loans. HMCL: Healthy quarter but positives priced in. TMX: Improving order outlook; maintain HOLD. BANDHAN: Recovery on track. IGL: Legacy UP, new GAs can offset slowdown, reiterate BUY. ZYWL: Seasonally weak quarter

LICI: Solid quarter; valuations overdone cut to HOLD. ALKEM: Good quarter; cut to SELL on stretched valuations. Monthly Chartbook: Fiscal consolidation to hold key. PWGR: In-line quarter, FY25 capex hiked; maintain BUY. TATACONS: Strong run continues. DIVI: Healthy margin recovery, heady valuations. TPW: Dull quarter; high valuations maintain HOLD. ESCORTS: Weakness persists - maintain SELL. TRCL: Tepid quarter, high capex overhang retain SELL. Metals & Mining: Ferrous read-across: Steel recovery in CY24 - ArcelorMittal

LPC: All-round beat; margins sustain raise to HOLD. Monetary Policy Review: RBI remains on hold. KKC: Powering ahead; maintain BUY. STRCEM: Cost savings commendable, growth intact. NEST: Broad-based growth across product categories

MPC members for the 6th consecutive time kept policy rates on hold, by keeping repo rate unchanged at 6.5%, SDF at 6.25% and MSF and bank rate at 6.75%