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The Nifty Realty index was trading 0.3 per cent down at 410.4.

Nifty now trades at 18.5x 1-yr forward PE or a 7% premium to 10-year avg. and valuation gap vs China is also now back to the 10-year avg. This makes us more optimistic on the market outlook," it said, adding that the trends were positive in the Budget and Q3 earnings.

Trent recently entered into a joint venture with MAS Group, Sri Lanka. Over time, Trent and MAS would pool their domain expertise to undertake design, development, and manufacturing of a range of intimate wear and other apparel products.

“Adani Ports clearly looks good and we have been adding in Adani Ports because if you look at the company and the sum of its parts, in the ports business, if you apply 10-11 times EBITDA that itself comes to Rs 750-800 price. If you add all things together, it is well north of close to a Rs 1,000 stock. ”

Phoenix Mills Ltd. key Products/Revenue Segments include Licence Fees, Service Charges and Others for the year ending 31-Mar-2022.

Century Plyboards (India) Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 11347.49 Crore) operating in Building Materials sector.

“Most of the cement companies saw margins decline. But from a picking perspective, the pecking order should have to be with respect to the overall capacity that the companies have. The larger the company, the better it would be is the simple metric one should look at because it would be able to ramp up its production as the demand starts moving higher. ”

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Trent Ltd. key Products/Revenue Segments include Readymade Garments, Other Operating Revenue and Rent for the year ending 31-Mar-2022.

“RBI has gone ahead and hiked the rate to 6.5% but there were two dissents. Going forward, the internal within the committee, external members are right now pushing the envelope on further rate hike. From all that perspective, we believe that barring unforeseen circumstances, we are pretty much done on the policy rate hike.”