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I think so many different points and it really to be a conceptualised in my mind as far as rail, transportation and, of course, infrastructure. It is just breathtaking.

The Royal Enfield motorcycle manufacturer on Tuesday reported a strong 34.4% year-on-year (YoY) growth in consolidated net profit for the quarter ended December to Rs 996 crore, and this was tad higher than an ETNow poll of Rs 969 crore.

It continues to be painful for both Zee and Paytm. But that is part and parcel of investing. Some things are uncanny because of the incidents, but we think there will be a resolution faster than you thought and as soon as you see the back of some of these large promoters who have misled investors, the Zee stock can be rerated. Paytm faces risk of customer exodus after RBI curbs payments bank.

Ashwini Agarwal says “booms and busts all produce extraordinary gains and extraordinary losses and this is part and parcel of it. I do not think it damages the underlying story for India or the global sentiment on India in any way. That is how I look at it. So it is not such a big deal in my personal opinion.”

Positive setup was seen in stocks like OFSS, GMR Infra, Coal India, PNB, HDFC AMC, DLF, ICICI Bank, SBI Life, Axis Bank, Voltas, Siemens, Granules, Wipro, etc. among others.

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Revenue is likely to increase 16.5% YoY to Rs 25,216 crore, led by strong growth in volumes in the automotive segment, which will offset the weakness in the tractor segment.