Broader markets also strengthened, with teh Nifty Midcap 100 index up 0.6 percent in early deals, and the Nifty Smallcap 100 gauge up 0.8 percent.
Gautam Duggad of Motilal Oswal Financial Services told CNBC-TV18 he believes companies will post good numbers for Q3.
He feels that things are not looking good for the consumer durable goods space.
S Srinivasan of Kotak Realty Fund said in an interaction with CNBC-TV18 that there appears to be a reasonable amount of global capital in the Indian real estate market.
Paytm parent One97 Communications’ shares hit a low of Rs 1,185 apiece on BSE.
Paytm parent One97 Communications shares hit a fresh low on Monday after Macquarie lowered its target price for the stock to Rs 900 from Rs 1,200.
The Paytm stock fell as much as three percent to an all-time low of Rs 1,195 apiece on BSE.
The brokerage retained its ‘underperform’ rating on Paytm, raising its loss projections for the company by 16-27 percent for FY22-25 on lower revenue and higher employee as well as software costs.
At this level, the stock is available at a discount of 44.4 percent to its issue price of Rs 2,150.
RSI is at its lowest since May 2021, indicating BTC is in an extreme oversold zone.
Hotels are a deep cyclical business, which is usually hit the first during an economic downturn and is the last to recover in an upcycle, according to the brokerage.
Focused primarily on urorganised sector workers, the Atal Pension scheme guarantees a minimum pension in multiples of Rs 1,000 per month up to Rs 5,000 per month.
Goldman Sachs has assigned a ‘sell’ rating to SBI Cards with a target price of Rs 654.
In the microfinance segment, most of our customers, close to 70-80 percent, are in the essential activity, and their business is not stopped,” said Udaya Kumar Hebbar, Managing Director and CEO at CreditAccess Grameen.
We expect DMART to benefit from current inflationary headwinds driven by market share gain from general trade lead by 20-30 percent discount over MRP.
The order is from the National High Speed Rail Corporation to design and construct “Package No.
Manish Hathiramani, Proprietary Index Trader and Technical Analyst at Deen Dayal Investments, believes the Nifty50 faces stiff resistance at 17,950, a level that if taken out can lead the index to the 18,500 mark.