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Macquarie has an outperform rating on ABB India, with a target price of Rs 3750. Growth across several segments and double-digit EBIT margins in most segments were seen in the March quarter. Jefferies retained a hold rating on Havells India with a target price of Rs 1335, citing that most positives appear priced-in at the current PE. JPMorgan has an overweight rating on Cholamandalam Investment & Finance with a target price of Rs 1020 as the company recorded a margin improvement and maintained system-leading growth. Emkay maintained its hold rating on Titan Company with a target of Rs 2620, post March quarter results.

The stock quoted a 52-week high price of Rs 432.8 and a 52-week low of Rs 132.55.

Promoters held 51.5 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 6.91 per cent and 2.25 per cent, respectively.

The Nifty Realty index was trading 0.78 per cent down at 442.7.

A total of 532,955 shares changed hands on the counter till 10:26AM (IST)

Corporate decision-making would benefit from interest rate stability. I think markets are rising as a result of fair valuations and rising corporate profits.

Investors are advised to consider riding the trend in the capital goods space, says Dipan Mehta, Director, Elixir Equities. He cites a good order inflow and favourable margin management making the sector attractive. Within the pharma sector, Mehta suggests investors examine companies with a strong domestic presence and one with large revenues earned through sales within India.

There is a lot of positive news flowing around our economy, while the economic indicators are also reflecting strength. The valuations in the broader markets are also comfortable.

We were bidding for larger value orders. During the last 2 years we secured the order from Ministry of External Affairs (MEA) for dredging at Sittwe Port, Myanmar for an amount of Rs. 117 Cr and Rock Dredging at Mangrol Fishing Harbour from Dredging Corporation of India at an order value of Rs. 67 Cr.

The Indian markets closed in the negative zone on Wednesday in line with weak international cues. The S&P BSE Sensex ended the day down by more than 100 points, while Nifty50 maintained the level of 18,000 points. The telecom, IT, oil & gas, and energy sectors saw selling, while FMCG, realty, and consumer durable shares witnessed buying. Apar Industries and BHEL both closed out with more than 4% gains, and Interglobe Aviation was up by more than 6%.