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Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 226558.59 Crore) operating in Gems and Jewellery sector.

The Nifty Bank index was trading 0.35 per cent up at 35435.15.

A total of 538,715 shares changed hands on the counter till 10:20AM (IST)

The stock quoted a 52-week high price of Rs 2679.0 and a 52-week low of Rs 1026.63.

In a truncated week between February 28 and March 4, the rupee swung as much as 1.55 percent to an intraday low of 76.45 from an intraday high of 75.28 a dollar as the Russian invasion of Ukraine caused asset prices to whipsaw wildly. The Reserve Bank of India (RBI) is estimated to have sold 2-4 billion worth of dollars to arrest further losses in the local unit’s value during the week.

“Infosys and HCL Tech among the largecaps and also some good midcap IT names can be considered. From simple certifications, the contracts are moving towards transformation, partnering companies for change in outcome. That is keeping some of these names interesting despite all the wage and supply side issues. So maybe MindTree, KPIT, L&T Infotech in the midcap basket can also be considered.”

In the past two years, HDFC Bank gained 35% compared to the 75% run-up in the Nifty and the 41% gain in the Nifty Bank index. Analysts said the recent underperformance has resulted in its valuations turning cheaper. “The stock is currently trading at an attractive valuation of 2.5 times FY2024 estimated price to book value, which offers favorable risk-reward,” said Aggarwal.

Barring the dollar-pegged stable coins, all of the top digital tokens were trading higher. Terra gained more than 6 per cent, followed by a 3 per cent rise in Bitcoin. Avalanche and Dogecoin added 2 per cent each.

The company saw a 105 per cent year-on-year (YoY) increase in GMV for the first two months of the quarter at Rs 1,65,333 crore ($22.2 billion), it said in a regulatory filing on BSE. GMV is the merchant payments processed through all instruments (Paytm Wallet, Paytm Payments bank account, other banks net banking, credit and debit cards and UPIs.

Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1631010.52 Crore) operating in Diversified sector.