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Google has been on its heels after OpenAI, a startup Microsoft is backing with around $10 billion, introduced software in November that has wowed consumers and become a fixation in Silicon Valley circles for its surprisingly accurate and well-written answers to simple prompts.

The persistence of the core inflation needs to be broken but without derailing the economic growth, hence the more moderate 25 bps hike that leaves some room to weigh the upcoming data from the last quarter for further action.

“If over the next 5-10 years India becomes the third largest economy in the world, most of our companies would be subject to a lot more scrutiny. We saw that time and again, some of these short sellers come and write reports on Chinese companies. Some of the reports were true, some were sensational. Market took it in stride and wherever the reports were true, the stocks got impacted.”

“L&T is very well positioned and valuations are on its side. The order book is okay and it will point in the right direction. The multiples are pretty much in their favour. One in four projects or one in five projects in India go to L&T. So if you believe that capex is going to go up, one should buy L&T.”

​"The officials did not find any irregularities in the operations and dealings conducted by the company. We would like to clarify that the concerns specific to GST payments in cash, citing GST law under Rule 86B, the company is not required to pay a tax liability in cash," a spokesperson of Adani Wilmar said in a statement.

The consensus recommendation from 22 analysts for the stock is a Hold. Out of the 22 analysts covering the stock, 12 have strong buy and buy ratings, five have strong sell and sell ratings, and five have hold ratings.

Export sales during the quarter grew 68 per cent with strong off-take for steering products, the company said. Sales from the aftermarket customers registered a 12 per cent growth while better operational leverage, favourable mix and forex helped improve EBITDA margin by 555 basis points, the company said.

Many long term investors have been busy cherry-picking high quality names among IT stocks after they were hammered on fears related to recession, margin compression and deal wins. Mphasis, Tech Mahindra, Wipro, LTTS and LTIMindtree are still down at least 30% from their 52-week high levels.

Shares of PSU banks have given stellar returns in 2022, with some of them even turning multibaggers. A significant improvement in earnings due to major clean up of balance sheet and strong credit growth has driven the outperformance of stocks.

Axis Capital maintained its buy rating on Piramal Enterprises with a target of Rs 1100. One-off items boosted PAT, and retail disbursements are on track. Retail disbursements are on a strong footing. New book growth is steady, and it looks like PEL is going on through a transformational stage, said the note.