Indian market closed marginally in the red. S&P BSE Sensex held on to 73000, Nifty50 closed below 22,200. Reliance Industries was up 1%, ICICI Bank hit a record high, and M&M closed at a fresh record high. Buying seen in telecom, capital goods, realty, consumer durables, and industrials. Some selling seen in oil & gas, public sector, and energy stocks.
Carraro India turning the corner, offers an entry point
The company has in-house design and manufacturing capabilities. However, it historically has a lower operating margin before depreciation and amortisation (Ebitda margin) compared with peers.
December 23, 2024