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The net purchase value has been calculated by multiplying the difference in the September and December quarter shareholding to the average closing price during the quarter, the database management firm said.

With Mindtree stronger in front-end digital solutions and LTI strong in backend ERP-related core transformation solutions, merger of two would help them to cross-sell / upsell their solutions to various clients.

The stock quoted a 52-week high price of Rs 1410.55 and a 52-week low of Rs 1070.95.

The brokerage expects Infosys EBIT margins to expand gradually from 21.2% in FY23E to 22% by FY26E on the back of various levers like pricing, utilisation, further optimization of employee pyramid, lower sub-contracting cost, automation and lower attrition.

Hikal, meanwhile, has declared an interim dividend of Re 0.60, for which the shares will be ex-date on Tuesday. The company has paid a dividend of Rs 1.6 per share in the last one year. This results in a dividend yield of 0.48% at the current share price.

TVS Motors is currently trading at Rs 1,069 and is trending upward while maintaining trendline support. For the past five months, TVS has seen good price and time consolidation and is currently fluctuating between Rs 975 and 1175, the brokerage said, adding that the stock can be bought around Rs 1,069 zone and adding till Rs 1,040 with a target of Rs 1,170–1,210. Below Rs 1,010 levels, Choice Broking said the view will be negated.

The Nifty Bank index was trading 0.06 per cent down at 41256.8.

Given the recent volatility in the stock, we again bake in a higher cost of capital assumption, which yields a target price of Rs 195 (Rs 251 earlier); maintain ‘BUY’. At CMP, Nykaa is trading at FY25E EV/sales of 5x. The confluence of both growth and profitability would be critical for valuations to improve. Besides, the gross margin miss, an aberration as per management, must reverse else as any structural impact could negate benefits in marketing and fulfilment.

A total of 2,414 shares changed hands on the counter till 11:02AM (IST)

Full business normalization is still a few quarters away. The global investment bank slashed FY23-25E EPS estimates by 7% to factor in a relatively slower topline growth and management commentary on the call.