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​So, what it shows is that some of the initiatives that we have taken in the last one year have started showing results and this will only get strengthened in the future quarters.

A total of 53,745 shares changed hands on the counter till 11:06AM (IST).

Max Financial Services also reported its June quarter earnings where the financial services entity reported over 47% year-on-year (YoY) jump in its net profit. The consolidated net profit for the period stood at Rs 101.13 crore which was up Rs 68.48 crore posted by the company in the year-ago period.

The stock has given a short-term breakout.

So obviously, inflation outlook could get revised and it is possible that the RBI might maintain some bit of a hawkish stance. But I think nothing major changes we would expect overall.

Shares of renewable energy firm Suzlon jumped around 5% after the company launched a QIP to raise up to Rs 2,000 crore. Max Financial Services rose about 10% as Axis Bank agreed to buy an additional 6.23% stake in the insurance company.

"On a relative basis, we are not as expensive as one would have imagined simply because the entire emerging market pack has also gone up. That provides some degree of downside support to the market, even though near term, because of absolute valuations, you could see some degree of volatility. The way we have been constructing our portfolio is clearly looking at pockets of growth where earnings growth sustainability is visible."

BofA has a buy view on the Zomato counter for a price target of Rs 110. It sees momentum remaining strong with a clutch of catalysts likely helping the company to further get a re-rating. The platform fee, World Cup and Swiggy IPO re-rating could be the likely triggers. Blinkit shareholder lock in expiry opens August 5

Sun Pharmaceutical Industries, incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 276847.27 Crore) operating in Pharmaceuticals sector.

A dividend is a share of profits and retained earnings that a company pays out to its shareholders.