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"While there is a growing concern that telecom tariff hikes may only take place after general elections on May 24, we note this could lead to accelerated market share shifts and, in theory, an effective duopoly which could add Rs 93/share upside potential," Jefferies said in a note.

The non-retail portion of HAL OFS opened on Thursday and was subscribed 4.5 times. The Ministry of Finance said yesterday that it has decided to exercise the green shoe option as the offer-for-sale of HAL received a good response.

The Indian government is likely to remove the long-term capital gain tax benefit from debt mutual fund investments with an upcoming amendment to the Finance Bill. The impact on investors could be significant, as the new amendment will eliminate several categories of investment outside of the long-term capital gain and indexation. Although the change to taxation could result in more investors turning to fixed deposits over debt funds, some finance experts do not think the tax change will result in a shift of capital as many casual investors do not earn more than Rs 15 lakh.

The stock quoted a 52-week high price of Rs 3367.0 and a 52-week low of Rs 2150.75.

On the technical charts, the RSI of the stock stood at 45.27.

Into consolidation phase forming a flag chart pattern, which indicates bullish continuation.

The stock quoted a 52-week high price of Rs 3466.4 and a 52-week low of Rs 1764.9.

US short-seller Hindenburg Research released a new report on Thursday, targeting Block Inc, led by Twitter co-founder Jack Dorsey. The firm recently gained prominence after its recent report on Adani Group.

As of 31-Dec-2022, promoters held 0.0 per cent stake in the company, while FIIs held 10.65 per cent and domestic institutional investors had 7.78 per cent.

Accenture is usually seen as a bellwether for the global IT sector, and analysts gauge the prospects for the Indian IT sector based on the global firm’s commentary and business outlook.