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Amid persisting challenges on business growth and an intense focus on accelerating liability mobilization, HDFCB has been delivering a resilient performance in margins & asset quality. During the past two quarters, the bank has reported 7bp expansion in margin to 3.47% led by conscious improvement in the asset mix and the retirement of high-cost borrowings.

The stock quoted a 52-week high price of Rs 340.35 and a 52-week low of Rs 126.7.

Financial experts suggested gifting stocks this Raksha Bandhan for a more secure future. Stocks like Tata Consumer, ABB India, Reliance Industries, TCS, Larsen & Toubro, HCL Technologies, and Tata Motors are recommended for potential returns. The stocks were chosen based on their growth potential and solid performance history.

Despite the recent price cut in 2Q, ASP is expected to improve in 2HFY25. At CMP, NMDC trades at 4.7x FY26E EV/EBITDA. We marginally lower our FY26 APAT estimates by 5% and retain our BUY rating on NMDC with a revised TP of INR280 (6.5x FY26 EV/EBITDA)

On the technical charts, the RSI of the stock stood at 38.38.

A total of 3,624 shares changed hands on the counter till 12:53PM (IST)

In addition, rising share of low yielding UPI transactions (45% share in 1QFY25) will limit the scope for margin expansion. While we have re-aligned our topline estimates amid strong performance in catering division, our EPS estimates remain broadly intact given the segment commands lower margin.

Sandip Sabharwal discussed the future prospects for FMCG, PSU, and new tech stocks. He highlighted a potential two-year positive cycle for FMCG companies, cautioned about overvalued PSU stocks potentially falling further, and noted a resurgence in new tech companies like Zomato. Additionally, he shared cautious views on the metals and cement sectors.

Short buildup means more people are expecting the prices to go down and creating short positions.

A total of 6,837 shares changed hands on the counter till 11:46AM (IST).