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"We have had to cut our estimates by ~15% for FY2024-25 to reflect slower loan growth and loan mix shifting away from higher-yielding MFI loans. Though we have been cutting our estimates in recent quarters, mostly driven by higher loan-loss provisions, we see a very low probability of further downgrades. On the contrary, the risks appear mostly toward the upside. We like the franchise at these levels," the brokerage said.

We will take significant steps to raise productivity in the real economy and focus on improving rural jobs. Clear disinvestment targets would be better if there is a strategic stake sale in a few companies rather than minor divestments in more companies.

MphasiS, incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 37958.43 Crore) operating in IT Software sector.

The brokerage is of the view that valuation of the stock looks expensive at Rs 262 (RoE - ~8.9%, FY25 P/E – 23.6x, P/BV - 2.0x); hence it maintains a SELL with a SoTP of Rs 186.

"The crypto market had an exciting weekend with BTC crossing the $23,000 mark for the first time in 5 months. The demand for BTC is mainly driven by institutional investors who are increasing their holdings in anticipation of the next bull run.

“Based on the aforementioned rationale, stock can be looked for by candidates in the range of Rs 152 to Rs 150 with a stop loss of Rs 145 for the upside potential up to Rs 163 to Rs 165 level. Duration can be one month around,” he recommends.

HDFC Securities retains its BUY rating on Aether Industries, with a target price of Rs 1,121 given capacity expansion-led growth, advanced R&D capabilities, technocratic management, market leading position in most of its products, strong product pipeline, and marquee customer base.

The stock quoted a 52-week high of Rs 2282.25 and a 52-week low of Rs 1513.3.

A well-developed commodity derivatives market necessitates the existence of modern warehousing, grading and quality certification, etc. Creation of such infrastructure brings about cascading beneficial effects on the physical markets in the agricultural sector, helping farmers receive fair prices for their produce.

The rupee was at 81.03 per dollar by 10:03 a.m. IST, having earlier strengthened up to 80.89, its highest level since Nov. 14.