Pine Labs share price can rise 43%; UBS says valuation discount versus Paytm ‘unjustified’

Five analysts have coverage on Pine Labs, of which two analysts each have a “buy” and “hold” rating, and one has a “sell” rating on the stock.

Five analysts have coverage on Pine Labs, of which two analysts each have a “buy” and “hold” rating, and one has a “sell” rating on the stock.

Shares of DCX Systems Ltd. jumped 11.5% on March 6, after securing a ₹68.05 crore order from Hindustan Aeronautics. The stock reached an intraday high of ₹198.25.

The rupee rose 2 paise to 91.62 against the US dollar after the US granted a 30-day waiver for Indian refiners to buy Russian oil, easing pressure from Iran’s actions.
Bino Pathiparampil, Head of Research at Elara Securities, says HUL’s recovery depends on the execution of its strategy to tap new-age consumption trends as traditional FMCG growth remains muted. He sees near-term rebound potential in IT stocks after sharp corrections,…

According to analysts, IndiGo is likely to face continued headwinds from both fuel and non-fuel costs. It also sees limited scope for yield expansion as domestic air traffic remains tepid, while growth in international traffic is beginning to moderate.

JM Financial’s Rahul Sharma said the Nifty remains in a narrow market phase where a limited number of stocks are supporting the index, similar to the trend seen in 2017–18. He said the index has immediate support at 24,000, while…

Data from the Korea Exchange showed that retail traders accounted for roughly 45% of total turnover on Thursday, compared with about 33% for foreign investors and 22% for institutional players.

Elara Securities’ Prashant Biyani said fertiliser availability in India remains comfortable ahead of the kharif season, with sufficient closing stocks of urea and phosphate fertilisers. As of mid-February, urea inventory stood at about 4.1 million tonne, equal to nearly two…

Korea’s Kospi index saw a record one-day drop amid a regional stock selloff. The MSCI Asia Pacific Index fell over 6%, its biggest decline in six years.

Broader markets outperformed the benchmarks during the session. The Midcap index climbed 867 points to end at 57,793, while the Nifty Bank index advanced 301 points to close at 59,056.