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Damani’s prominent investments include India Cements with about 21% stake and VST Industries with 31% stake. Besides, he holds over 67% stake in Avenue Supermarts and is the promoter of the DMart supermarket chain operator.

The brokerage maintains HOLD on Tata Power as the company is focusing its resources on transition to cleaner fuels and aiming to be a market leader in all sub-segments with support from stable cash flows from its regulated generation and distribution businesses.

I guess the industry has now kind of come back to realising that it is good to be back on the basics front and hence a lot of things which we used to talk about is really coming back to what we would do in the normal pre-COVID days which is really looking about expansion, which is looking at strengthening the current core offerings and building consumer trust.

Furthermore, the TP has been revised to INR 120 (from INR 110) aided by increase in value of its listed investment.

Buying was seen across sectors and market segments, with PSU banks and Adani stocks leading the upside bounce. FII selling, however, can limit the upside as foreigners have sold Indian stocks worth nearly Rs 38,000 crore so far in the calendar year.

Shares of Punjab & Sind Bank were the top gainers in today’s trade as the stock surged over 10% to Rs 29.12 apiece. While, shares of UCO Bank, Bank of India, and Bank of Maharashtra rose over 5%. SBI, Bank of Baroda, Union Bank, and Central Bank of India advanced over 3%.

The stock quoted a 52-week high of Rs 652.2 and a 52-week low of Rs 419.0.

IDFC First Bank, incorporated in the year 2014, is a banking company (having a market cap of Rs 35268.50 Crore).

A total of 10,322 shares changed hands on the counter till time (IST).

The Relative Strength Index of the stock stood at 52.2 on Friday.