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So, from the peak to correct around 15% kinds is I would say, but beyond that I would say then they start looking attractive again from a three to five years perspective because none of the problems are really balance sheet oriented problems, they are all more P&L related problems and more valuation issues.
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ByteDance founder Zhang Yiming is now Chinas richest person with net worth of $49.3 billion. India's richest man Mukesh Ambani has a significantly higher net worth of $102 billion. Chinas total billionaire wealth decreased by 10% while India's billionaires increased. The Hurun China Rich List saw the lowest new additions in two decades.
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Marico's shares surged 9.3% after a 20% rise in Q2 net profit to Rs 433 crore. Analysts maintained buy ratings, with target prices ranging from Rs 740 to Rs 800.
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