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The platform has witnessed a seven-fold increase in month-to-month orders through WhatsApp in comparability with the previous year, together with a six-fold month-on-month growth in new customer conversion. JioMart-on-WhatsApp aims to offer a seamless shopping experience for businesses and customers. The Ministry of Rural Development has entered right into a Memorandum of Understanding with Reliance Retail’s JioMart to facilitate the outreach of merchandise from Self-Help Groups . The collaboration aims to onboard SHGs from the Deendayal Antyodaya Yojana National Rural Livelihoods Mission as sellers on the JioMart e-commerce platform, providing them with a chance to expand their market and visibility. Sanjiv Bhasin recommends investing in marquee names like Patanjali, Bata, and Nestle, together with non-public banks and steel stocks.

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“I don’t suppose traders are doing the proper factor by chasing narratives,” Amit Doshi, portfolio manager at Care Portfolio Managers Pvt., said. “Making distinctive returns becomes tough when you pay over the odds” to personal firms, he mentioned. Institutional buyers like Doshi have largely stayed away from some of the huge winners within the sector, citing untenable valuations and low free floats. ​​With a market cap of Rs 2,38,188 crore, Damani secured the primary position.