DSIJ Mindshare

The company’s recent strategic partnership with NVIDIA has significantly advanced its capabilities in the AI and Machine Learning domains, leading to enhanced performance in its servers and workstations.

The stock gave multibagger returns of 191.4 per cent from its 52-week low of Rs 25.45 per share

However, except for Kotak Bank and Federal Bank, all banking stocks plunged into the red on July 23, following the 2024 Budget's lack of major sector reforms. Shares of Axis Bank, ICICI Bank, HDFC Bank, SBI, Bank of Baroda, and IndusInd Bank fell by up to 1 per cent.

The company’s shares have delivered a return of over 45 per cent to its shareholders in the past 1 year.

The Government of India’s focus on higher allocations for rural development, agriculture, and allied services, along with schemes for employment and skilling of youth, is expected to boost both rural and urban consumption for consumer products.