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I would say the time for health care in general has come back and if any of these opportunities come because of these one off events, I think those will be an added advantage.

The Relative Strength Index of the stock stood at 56.96 on Tuesday.

The IT sector is likely to experience an earnings cut in the next 2-3 quarters due to the recent turbulence in US banks leading to a slowdown in contract negotiations and new orders. However, the overall growth outlook for the top line is better than the 5-year average and the five-year average multiples look reasonable at this point in time. Margins are expected to improve as attrition moderates.

A total of 1,555 shares changed hands on the counter till 11:54AM (IST).

Unlike other high growth categories, the competitive intensity from organized and unorganized peers in Jewellery is considerably weaker.

Lemon Tree Hotels, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 6064.65 Crore) operating in Tourism & Hospitality sector.

In the past, the stock failed to witness a strong follow-up move after such a gap-up rally and filled the positive gap subsequently with a gradual decline. The key technical indicators tested the overbought zone and in the absence of a follow-up move, they may reverse down.

From the Sensex pack, Kotak Mahindra Bank, Sun Pharma and Bajaj Finserv were the top gainers, rising about 1-4%. Nestle, SBI, NTPC, Bharti Airtel, and Tata Steel also opened with gains. On the flip side, TCS, Asian Paints, HDFC, ICICI Bank, HDFC Bank and IndusInd Bank saw some losses.

IndiGo remains focused on growth (>15% ASK growth in FY24, doubling the fleet by 2030) and internationalisation(increase ASK mix to 30% over next two years from 23% in 9MFY23).

Essentially special situation is any situation which is causing the company, some sort of a problem, right? But the problem is very unique, it is a unique situation that the company is going through and from our experience of managing this fund for about four years now, we have gathered that each of the special situations that a company faces can be categorised into one of the four buckets.