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Promoters held 39.99 per cent stake in the company as of 31-Dec-2022, while FIIs owned 21.3 per cent, DIIs 26.73 per cent.

While the stocks of new-age tech cos are yet to come out of the woods, analysts are turning bullish in some of them in the backdrop of an improvement in earnings and their ability to move towards positive profitability.

Morgan Stanley maintained its overweight stance on Policy Bazaar with a target price of Rs 705. “The company reported a good set of numbers for Q3. It is among the preferred plays in the insurance sector,” said the note.

Voltas, incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 27777.77 Crore) operating in Consumer Durables sector.

The stock which is part of the S&P BSE Sensex rose more than 1% in a week, and over 7% in a month. On a 3-month basis, the IT stock has risen more than 10%. In terms of price action, the stock price is trading above most of the crucial short and long-term moving averages such as 5,10,30,50,100, and 200-DMA which is a positive sign for the bulls.

The Nifty Realty index was trading 0.68 per cent down at 412.0.

“Whoever is buying Paytm needs to take a call on why they are buying the stock. Now there is the core payments business which is slowing down significantly. The revenue growth was very muted. They might be showing profits but what is the sustainability of this business? I do not know the reason for such aggressive bullishness.”

A total of 74,320 shares changed hands on the counter till 10:36AM (IST)

On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18500 strikes while the maximum Put OI is placed at 17800 and then towards 17700 strikes. Options data suggests a broader trading range in between 17400 to 18200 zones while an immediate trading range in between 17700 to 18050 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.

Balkrishna Industries, incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 44622.44 Crore) operating in Tyres sector.