Jefferies mentioned that despite the recent rally, property stocks continue to trade in line with their five-year NAV premiums. It believes that visible sales growth could act as a catalyst for further rerating.
The consortium has secured a ₹2,631.14-crore contract from BSNL for the BharatNet middle-mile network in Jammu & Kashmir and Ladakh.
The company is expected to execute the order within 90 days from the date of issuance of the work.
In India, the price of 24-karat gold touched ₹99,280 per 10 grams. The 22-karat and 18-karat variants stood at ₹91,000 per 10 grams and ₹74,460 per 10 grams respectively, according to Goodreturns.
Rising oil prices are generally beneficial for upstream oil explorers such as Oil India and ONGC as it will result in the increase in prices of the products refined by them.
Out of the 35 analysts that have coverage on Tata Motors, 18 of them have a “buy” rating, 11 say “hold”, while six have a “sell” recommendation.
Oswal Pumps has fixed a price band of ₹584 – ₹614 per share for its initial share sale, which will open for public subscription on June 13 and conclude on June 17.
On Thursday, market tech analyst Mitessh Thakkar recommended these stocks for the short term.
The sharp decline in the Paytm stock follows Finance Ministry’s clarification on reports about the possible introduction of a merchant discount rate (MDR) on Unified Payments Interface (UPI) transactions.
The delay or non-introduction of MDR is sentimentally negative for Paytm, brokerage firm UBS wrote in its note.