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“Broadly speaking, the market – at least for now – seems to be saying that what we are seeing in the Middle East will be relatively contained and that has the potential to spill over. We know that markets tend to not worry about things until they do. And when they do, they tend to panic pretty aggressively. ”

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 404787.91 Crore) operating in Construction sector.

Short term traders can look to buy the stock on marginal fall for a target above Rs 1300 levels, suggest experts. The stock closed at Rs 1136 on 31 October 2023.

“Coming to organic growth, this quarter, the NIIT Group is coming closer to the level of last year but then we have a lot to catch up with. We are also looking at the second half being more uncertain. And that is clear, to everybody. There are far too many uncertainties.”

“Some of these staples type names are very well positioned within India. There is obviously an excellent structural growth story with a lot of these names. I am assuming they will still maintain their investment in their brand distribution. Yes, globally, the whole staples names have been underperforming. It is a situation not just in India, but we are seeing it pretty much everywhere.”

The IPO of Blue Jet Healthcare was booked nearly 8 times at close, led by healthy interest from NIIs and QIBs. The IPO was priced in the range of Rs 329-346. Blue Jet Healthcare develops and supplies specialty pharmaceutical and healthcare ingredients and intermediates under a contract development and manufacturing organization (CDMO) business model.

The stock traded at a P/E multiple of 64.12, while the price-to-book value ratio stood at 2.34.

The Nifty Bank index was trading 0.27 per cent down at 42731.3.

On the technical charts, the RSI of the stock stood at 48.55.

"When you look at valuation, one has to always think about what the stock has done in the past year or so or couple of years and then take a call because the growth here that most of the automobile companies are showing in terms of top-line growth is fairly muted. It is either single digits or early double-digit kind of numbers. These are not great numbers that essentially help valuations."