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Indian equity markets rallied for the second consecutive month in May, driven by foreign portfolio investors (FPIs) continuing to pump money into Indian equities. Improved market sentiments and strong macroeconomic fundamentals were also drivers. ICICI Direct expects the Nifty to test the levels of 18,900 and is confident that the midcap index could experience accelerated upward momentum as it approaches its all-time high. The brokerage chose a range of top picks, such as Kotak Mahindra Bank, Reliance Industries, and TCS, across several sectors based on various criteria.

At this point of time, Taro has not given any specific guidance as such and continues to be a public company. So we will be unable to offer any comment on the future performance of Taro either on the current asset basis or even if the transaction goes through. It is too early to comment.

As of 31-Mar-2023, promoters held 51.14 per cent stake in the company, while FIIs held 16.42 per cent and domestic institutional investors had 20.07 per cent.

GMR Airports Infrastructure saw its shares fall 11% to Rs 40.1 on the BSE after it posted a consolidated loss of Rs 637 crore ($86m) in Q4 FY23, compared to a loss of Rs 129 crore in the same quarter last year. Revenue from operations increased 47.6% to Rs 1,895 crore for the same period, while EBITDA decreased 49% YoY to Rs 241 crore. GMR said near-term traffic may face headwinds from supply-side constraints like the bankruptcy of GoFirst and engine issues, but expected gain momentum in medium- and long-term from an increase in airline capacity and routes and greater connectivity between tier-II and tier-III cities.

The Relative Strength Index of the stock stood at 71.55 on Monday.

​So, we think that it is very interesting that you are seeing consolidation right at the point where hopefully the business will start to see significant inflection in terms of consumer spend, so that is why we really like the space.

Mahindra Lifespace Developers, incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 6709.46 Crore) operating in Real Estate sector.

​So as I said, Mahindra is not just an auto business or a farm business. We also represent services across the breadth of all of the industries in India and therefore are very well positioned with the India growth story.

As of 31-Mar-2023, promoters held 50.53 per cent stake in the company, while FIIs held 18.51 per cent and domestic institutional investors had 8.41 per cent.

Most brokerages maintain their bearish outlook on telecom company Vodafone Idea, despite its narrowing quarterly loss. CLSA and Yes Securities recommend selling the stock, while Motilal Oswal maintains a neutral stance and Nuvama advises reducing holdings. Vodafone Idea reported a consolidated net loss of Rs 6,419 crore ($859m) for Q4 2020, compared with a loss of Rs 6,563 crore in the same period last year. The revenue growth was muted at Rs 10,532 crore, up 3% YoY. Vi continues to look for investors to raise funds.