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Jindal Steel & Power Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 69095.67 Crore) operating in Metals - Ferrous sector.

Sandip Sabharwal suggests adding positions in the auto largecaps and capital goods stocks on dips, as well as in the financial sector. He specifically mentions Bajaj Auto as a good opportunity due to their recent buyback indicating that the stock may be undervalued. He also mentions ICICI Bank and Axis as financials that he is positive on, while expressing caution towards PSU banks.

Stocks that were in focus included names like NMDC, which rose 5.42%, Britannia, which rose 0.1%, and Laurus Labs, whose shares jumped 0.14% on Thursday.

The second-day drop in Birkenstock shares was deeper than a broad Wall Street sell-off, with the S&P 500 last down about 1%.

Small finance banks in India, including AU, Equitas, and Ujjivan, are waiting for regulatory approval to upgrade their licenses and become universal banks. Despite already offering a wide range of products, these banks want to shed the "small bank" label to improve their perception among stakeholders and attract more depositors.

The government is targeting a fiscal deficit of 5.9% of GDP in FY24 and given the medium-term fiscal consolidation path, it intends to reduce the fiscal deficit by almost 1.5% of GDP over the next two years, to achieve a target of 4.5% of GDP by FY26.

Consensus EPS to drop; weak revenue commentary to weigh on P/E multiples