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Buy HG Infra Engineering at a price target of Rs 1202.

On the technical charts, the RSI of the stock stood at 46.8.

Revenue from operations, meanwhile, jumped 8% year-on-year to Rs 12,494 crore for the quarter ended March. The same stood at Rs 11,558 crore in the corresponding quarter of last year.

A total of 17,288 shares changed hands on the counter till 01:34PM (IST).

The Amrapali project is virtually a private sector project because that was the stalled project, houses left over in between by Amrapali Group, otherwise majority of the orders are from the state government, central government and PSUs.

Prabhudas Lilladher has upgraded its EPS estimates for Asian Paints due to the strong demand outlook and higher EBITDA margins in FY24/25. The report cited a 16% increase in volumes during 4Q23, along with stable product pricing and benign raw material costs as drivers of margin expansion.

Golden Crossovers: Paytm among 8 stocks signalling further bullishness

Sundram Fasteners stock has a year-on-year return of almost 47%, outperforming the Nifty50 index. Analysts suggest a possible upside for the stock of 10-22%, with a positive consensus view from most brokerages. Besides manufacturing components for various sectors, the company is trading at P/E and EV/EBITDA multiples of 26x and 16.9x, respectively based on FY25E. Technical analysts believe breakout patterns and strong support levels favor buying on declines while fundamental analysts project significant improvement in operating numbers aided by large EV orders in FY25E. Pricing pressures from automotive OEM customers and US/Europe recession risks form key risks for the company.

Indian government bond yields remained steady as traders awaited debt supply and local inflation data later in the day. India seeks to raise $4.77bn through bonds, which include 120 billion rupees of the liquid 2036 paper along with other bonds. The market awaits the auction cut-off to gauge the demand from long-term investors. Yields eased following the cooling of US inflation, which suggested that the US Federal Reserve would pause its rate hike cycle. The benchmark bond yield is expected to remain within the 7% to 7.05% range during the session.

​So since we have had a decent run, we could see some sort of consolidation between now and September. And obviously third quarter onwards, we see the markets again moving higher and the build up into calendar 24 where I think that a solid 15 to 20% absolute returns on the index is very much possible.