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India Inc had a strong end to the last fiscal year 2023-24 with profitability in the fourth quarter beating most analysts' estimates. Sectors such as autos, industrials and PSU banks posted a strong quarter, whereas earnings of consumers and exporters were weak.ETMarkets analysed the results of BSE500 companies in FY24 and found that about 45 companies have consistently maintained profit margins of at least or over 25% throughout the year. Out of these, 9 companies have delivered multibagger returns to investors in the last one year period.A profit margin is a key indicator to measure how much money a company keeps as profit after paying for its costs. A high profit margin of 25% or above is a sign that a company is doing well financially, making it more attractive to investors.The 9 multibaggers which saw sustained higher profit margins include Motilal Oswal, Tata Investment, Hindustan Zinc, REC, The Phoenix Mills, among others.<iframe title="Consistent Winners" aria-label="Table" id="datawrapper-chart-F6hLV" src="https://et-infographics.indiatimes.com/graphs/F6hLV/1/" scrolling="no" frameborder="0" style="width: 0; min-width: 100% !important; border: none;" height="705" data-external="1"></iframe><script type="text/javascript">!function(){"use strict";window.addEventListener("message",(function(a){if(void 0!==a.data["datawrapper-height"]){var e=document.querySelectorAll("iframe");for(var t in a.data["datawrapper-height"])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data["datawrapper-height"][t]+"px";e[r].style.height=i}}}))}();</script>Out of the above filtered pack, Motilal Oswal has delivered the highest returns of 274% in the last one year period. The company has reported a PAT margin of over 30% consistently in the last four quarters.In any top performing companies or stocks list, a Tata group firm usually finds its place in the mix. Tata Investment Corp, an NBFC and investment manager, nearly tripled investors' wealth in the reporting period. The company has reported profit margins of up to 88% in FY24, making it one of the attractive investment opportunities in the list.Technically, the stock is trading above key moving averages like the 20-day and 50-day SMA. And momentum readings like the 14-day RSI are in rising mode and not overbought, which augurs well for the intermediate uptrend to continue.Subash Gangadharan of HDFC Securities has recommended a buy on the stock at Rs 6,731-6,600 levels for target of Rs 7250 in the near term. Investors can place a stop loss at around Rs 6,350.Another notable name in the list is Hindustan Zinc, whose shares have doubled in the last one year period. The company posted profit margins of 27% in at least two quarters of last financial year with the margins being over 25% for the rest of the two quarters.The recent rally came on the back of silver prices, which hit fresh record highs in the recent past. For Hindustan Zinc however, silver is a by-product and any price rise simply adds to its bottomline."The future outlook of silver continues to look bullish and the stock is being seen as a play on silver," said Sunny Agrawal, Head of Fundamental Equity Research, SBI Securities.Other companies in the list include Power Finance Corp, which clocked a PAT margin of up to 31% in FY24 and REC, which saw margins of up to 32%.What should investors do?Even though Indian markets are trading near all-time highs, there is no correction in sight because there are no triggers for a slide, according to analysts.However, investors are advised to move their portfolios towards the defensive and largecaps."I think there is still some sanity of valuation when it comes to largecap holdings. The large banks, the large IT companies, the large pharma companies, they are still in that ballpark figure of 15 times to 30-35 times trailing 12-month price to earning multiple. Similar businesses in midcap and smallcap are 30, 40, 50 times PE multiple which is a bit unreasonable. So, I think that tilt has to be more towards largecap stocks and that is where we are trying to drive our money and/or that of our clients," said Dipan Mehta, Director, Elixir Equities."Navigating a market near all-time highs requires a balanced approach. A diversified allocation across market capitalizations can help mitigate risk. Sectors demonstrating resilience, like Consumer Goods, particularly those catering to rural markets, might be attractive, said Sonam Srivastava, Founder and Fund Manager at Wright Research.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Markets regulator Sebi has asked Religare Enterprises to apply for approvals to let the billionaire Burman family buy more shares in the financial services company, dealing a blow to the company's attempt to block the move. The Burmans, who founded and control consumer goods conglomerate Dabur India, raised its stake in Religare to nearly 25% in September last year, triggering the so-called open offer requirement that allows them to buy more shares from public shareholders. However, Religare had sought to block the deal saying the open offer was "riddled with irregularities and statutory violations and cast serious doubts on the fit and proper status of the acquirers." The Burmans -- who want to buy around 26% more of Religare to bolster its presence in the rapidly growing financial services sector -- approached the Securities and Exchange Board of India (SEBI) due to the company's lack of cooperation. The SEBI, in an interim order dated June 19, asked Religare to furnish an undertaking that it will apply by July 12 to regulatory authorities, including the central bank, for approvals for the open offer. It also asked Religare to form a committee of independent directors, if not already done, but did not give a reason for the directive. Religare and the Burman family did not immediately respond to Reuters' emails seeking comment.

Phil Salt thrashed a brilliant 87 not out off just 47 balls as defending champions England romped to an eight-wicket victory over the West Indies in their T20 World Cup Super Eight clash on Wednesday.Salt smashed seven fours and five sixes during a swashbuckling innings at the Daren Sammy National Stadium in St. Lucia while Jonny Bairstow hit an unbeaten 48 as England finished on 181-2 off 17.3 overs after earlier restricting the West Indies to 180-4.Player of the Match Salt effectively sealed victory after cutting loose in the 16th over, hammering 30 runs off West Indies bowler Romario Shepherd with an exhibition of power-hitting that included three sixes and three fours.The win marked an emphatic return to form for England, who laboured through the first round group phase and flirted with elimination at one stage."We're not looking too far ahead, just glad to contribute to the win," Salt said after his match-winning knock. The England opener praised the contribution of Bairstow, who kept the runs flowing and took the pressure off Salt at the other end."There are a lot of different factors that can affect an innings," Salt said. "There was a period where I did not face a lot of balls, but important to stick around and carry on. "Jonny was fantastic, and took pressure off me by taking calculated risks. I couldn't be happier as a team-mate."England's other runs came from 25 from skipper Jos Buttler while Moeen Ali added a brisk 13.- Credit to Salt -West Indies skipper Rovman Powell lamented his team's bowling performance."We needed a better display as a bowling group," he said. "We are generally good in the last five overs. The execution wasn't good. Credit to Salt, he always hurts us."Earlier, a disciplined English bowling performance had held the West Indies to a relatively modest total of 180 in the Group 2 clash of two-time T20 champions.After England won the toss and opted to bowl, the West Indies made a smooth start with openers Charles and Brandon King in control.Even after King retired hurt for 23 in the fifth over, the runs continued to flow, with Johnson Charles forming a handy partnership with Nicholas Pooran.The West Indies reached the halfway stage of the innings at 82-0 and looked poised to put up a commanding total.But England spinner Moeen Ali finally made the breakthrough after Charles was caught in the deep by Harry Brook for 38 off 34 balls in the 12th over.West Indies captain Powell threatened to cut loose after blasting five sixes in a quickfire 36 off just 17 deliveries.But after bludgeoning Liam Livingstone for three sixes in the 15th over, the English bowler got his revenge with the final delivery, tempting Powell into a top edge which was snagged by Mark Wood at short third man.That left the score at 137-2, and Pooran fell soon afterwards, caught behind by skipper Jos Buttler off Jofra Archer to leave the Windies wobbling on 141-3.Andre Russell fell for one off Adil Rashid to make it 143-4, before an unbeaten 28 from Sherfane Rutherford gave the West Indies a more competitive total.

The Indian market is likely to consolidate on Thursday, tracking muted global cues.The Nifty future closed negative with losses of 0.30% at 23497 levels on Wednesday. The India VIX was up by 5.79% from 12.96 to 13.71 levels.On the options front, the weekly maximum Call OI is placed at 24000 and then towards 23600 strikes, while the maximum Put OI is placed at 23000 and then towards 23300 strikes.Call writing is seen at 23600 and then towards 23700 strikes, while Put writing is seen at 23200 and then towards 23300 strikes.“Options data suggests a broader trading range in between 23200 to 24000 zones, while an immediate range between 23400 to 23700 levels,” says Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.Both FIIs and DIIs were net buyers on Wednesday to the tune of 7908.36 crore and 7107.8 crore, respectively in the cash segment of Indian equity markets.FIIs' Long short ratio for index futures is at 54.12 as on a net basis, they bought 56911 index futures, data showed.“The support zone has shifted higher in 23,440-23,400 zones. As long as it is trading above 23400 level, it is likely to test the level of 23,730, followed by 24,000 in the short term,” says Sudeep Shah, Deputy Vice President and head of Technical and Derivative Research, SBI Securities.“While, on the downside, any sustainable move below the level of 23400 will lead to profit booking in the index up to the level of 23320, followed by the 23,250 level,” he said.We have collated a list of stocks from the F&O basket along with cash market from various experts for traders who have a short-term trading horizon:Expert: Rajesh Palviya, VP-Technical & Derivative Research, Axis Securities told ETBureauTriveni Engineering: Buy | Target: Rs 465 | Stop Loss: Rs 400Chambal Fertilizers: Buy | Target: Rs 520 | Stop Loss: Rs 448HDFC Bank: Buy | Target: Rs 1,790 | Stop Loss: Rs 1613F&O StrategyKotak Bank Future (27 June Expiry): Buy | Target Rs 1,830 | Stop Loss: Rs 1,710Deepak Nitrite Future (27 June Expiry): Buy | Target: Rs 2650 | Stop Loss: Rs 2,430Expert: Kunal Bothra, Market Expert told ETNowAxis Bank: Buy | Target: Rs 1,260 | Stop Loss: Rs 1,200Balrampur Chini Mills: Buy | Target: Rs 460 | Stop Loss: Rs 429Rattanindia Enterprises: Buy | Target: Rs 86 | Stop Loss: Rs 77Expert: Nooresh Merani, an independent technical analyst told ETNowIndusInd Bank: Buy | Target: Rs 1,650 | Stop Loss: Rs 1,500IDFC First Bank: Buy | Target: Rs 90 | Stop Loss: Rs 79Minda Corp: Buy | Target: Rs 550 | Stop Loss: Rs 450(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times)