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The stock quoted a 52-week high price of Rs 2843.0 and a 52-week low of Rs 1803.8.

​So, it is a possibility that is rather low at this point of time, but it cannot be completely ignored. If we are in a mini-Goldilocks where the US growth declines, but does not enter a recession, then we are very well off as far as emerging markets are concerned for all the reasons that you just highlighted.

Promoters held 0.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 9.58 per cent and 5.53 per cent, respectively.

If one looks at the undervalued pockets, at least the sectors which are fundamentally good over the long term, but have underperformed in the near term, the private sector banks would come into mind, even though earnings growth is likely to slow down, I think the underperformance has possibly been a bit overdone there.

Public sector banks are expected to lead bond issuances in FY2025, driven by infrastructure bonds. They are projected to account for 82-85% of total issuances, reaching Rs. 1.2-1.3 lakh crore. Tight liquidity and strong credit growth have increased reliance on bonds, with PSBs well-positioned due to their stable deposit base and large infrastructure loan book.

Deven Choksey, MD of DRChoksey FinServ Pvt. Ltd, remains optimistic about two-wheelers and commercial vehicles. He believes passenger vehicle demand will recover post-challenges. On Paytm, he advises caution until profitability is shown. He sees potential in the energy transition sector, particularly green hydrogen, with significant growth expected over the next 5-10 years.

A total of 2,680 shares changed hands on the counter till 12:53PM (IST).

Euro zone bond yields fell for the second straight session as investors increased their bets on another European Central Bank rate cut in October following weak economic data. The German 10-year bond yield dropped to 2.161%, while traders now see a 45% chance of an ECB rate cut next month.

The stock traded at a P/E multiple of 23.81, while the price-to-book value ratio stood at 68.53.

The Relative Strength Index of the stock stood at 64.66 on Tuesday.