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“India is still called a developing economy and till such time we become actual part of the developed economy globally, the hope and optimism for India will continue and we cannot look at a one-year market or a 10-year market. I still believe that we are probably in a 10-year bull market in India, given the fact we still have a long way to go.”

Jefferies finds the stock Rs 380 worthy. This brokerage said that the bank is carrying sufficient provision and that the CASA ratio should stabilise in the first quarter of FY23.

Indian Hotels Company Ltd., incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 31713.35 Crore) operating in Tourism & Hospitality sector.

The stock quoted a 52-week high price of Rs 1267.5 and low of Rs 678.65.

Promoters held 0.0 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 40.17 per cent and 31.06 per cent, respectively.

Gujarat Pipavav Port Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 3993.21 Crore) operating in Shipping sector.

HDFC Bank fell 1.58 per cent to Rs 1,581.80. HDFC declined 1.29 per cent to Rs 2,588.20. Kotak Mahindra Bank, M&M, ICICI Bank, Axis Bank and TCS shed up to 1.2 per cent.

The maker of Saffola and Parachute oil said despite the challenging macro context, its India business stayed relatively firm, riding on focused execution and market share gains and revenue growth in the quarter was in the low single digits, while volumes were marginally positive on an exceptionally high base of 25 per cent.

A total of 27,657 shares changed hands on the counter till 10:25AM (IST)

As of 31-Dec-2021, promoters held 48.05 per cent stake in the company, while FIIs held 28.12 per cent and domestic institutional investors had 11.33 per cent.