Elgi Equipments has formed robust bullish candlestick pattern on the daily scale with significantly higher volumes. In fact, the stock has seen not only downward sloping resistance trendline breakout but also Mother candle breakout on the daily charts.
With the rate pause, there will be some respite for large debt companies, growth stocks, small and mid-cap space companies, and specific sectors like consumer durables and real estate in the medium term
The NBFC expects to grow its gold loan book by 5 percent by the end of the current fiscal year, says George Muthoot. He says after Budget 2023, NBFCs are not in a position to issue NCDs and this has affected retail investors.