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Following the updates, brokerage Motilal Oswal reiterated a buy on the Tata Motors stock for a price target of Rs 800 which is a 14% upside over the Monday closing price of Rs 789.

Sandip Agarwal says: According to me, the IT sector has gone through a good time correction. So, possibly we will see another 10-15% return, which the sector gives every year at different points of time. That time will be, sometimes in the next few months, where it should deliver that return.

On Monday, Bloomberg reported that Sony Group is looking at calling off the $10-billion merger deal with Zee, citing regulatory issues that Punit Goenka is entangled in. The news report upset D-Street investors and saw Zee shares plunging as much as 14% in early trade and hit an over two-month low of Rs 240.30.

On the technical charts, the RSI of the stock stood at 67.25.

Goldman Sach’s revised price target for Nifty implies an upside potential of more than 8% for the index from the current levels. In trade on Tuesday, Nifty50 was trading at 21,707, up nearly 1% from the previous close.

The IBL Finance IPO is offering its shares at Rs 51 apiece, and investors can bid for 2,000 shares in 1 lot. About 50% of the offer is reserved for retail investors, and the rest 50% for other investors.

A total of 32,128 shares changed hands on the counter till 01:45PM (IST).

The stock quoted a 52-week high price of Rs 340.75 and a 52-week low of Rs 207.85.

The Relative Strength Index of the stock stood at 34.11 on Tuesday.

The stock traded at a P/E multiple of 24.49, while the price-to-book value ratio stood at 4.78.