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The Indian rupee gained 3 paise against the US dollar to trade at 82.40, supported by domestic equities and positive macroeconomic data, including a decline in retail inflation to a 25-month low and a rise in industrial production growth to 4.2% in April. However, investors are awaiting cues from the US inflation data release, which could impact the Federal Open Market Committee policy stance. The delayed monsoon could also affect food inflation in the near term, traders warn. Meanwhile, foreign institutional investors offloaded shares worth INR626.62 crore in the capital market on Monday.

​They have already made a pivot from loss making to cash generating profitable businesses but I still think that the long-term profit margins profitability of these companies will be significantly higher than what it is today

UltraTech Cement, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 238856.19 Crore) operating in Cement sector.

JPMorgan has initiated coverage on Mankind Pharma, with an overweight rating and a target price of Rs 1,730. Goldman Sachs has reiterated its sell rating on Coal India with a target price of Rs 180, while maintaining its neutral rating on HUL with a target price of Rs 2,750. CLSA reiterated its buy call on Tata Motors with a target price of Rs 624. However, it initiated coverage on Hero MotoCorp, downgrading it to sell with a target price of Rs 2,708, citing a highly competitive premium segment and challenging market share gains.

The Indian monsoon is closely watched by investors as it holds significance for the government and the economy. The Indian Meteorological Department predicts a normal southwest monsoon this year, though El-Nino conditions pose a risk. A study by Stoxbox shows that the market does not react in a linear way to the outcome of the monsoon, but a good monsoon could boost sales for companies in the sectors of staples, consumer durables, automobiles, agro-chemical, fertilizers, and banks/NBFCs. Fertilizer and agrochemical companies are likely to benefit from a normal or above-normal monsoon.

A total of 129 shares changed hands on the counter till 11:23AM (IST)

Mutual fund activity has seen a significant churn during the month of May as equity markets hovered near all-time high levels. Here are 10 largecap buys by fund houses last month.

​This indicates a bullish sentiment as the average traded and delivered quantity for 5 days along with the cumulative open interest, and the price for the stocks have increased. ​

Bharat Petroleum Corporation, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 81433.75 Crore) operating in Gas & Petroleum sector.

As of 31-Mar-2023, promoters held 69.4 per cent stake in the company, while FIIs held 10.61 per cent and domestic institutional investors had 4.21 per cent.