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Strong logo additions, increasing annuity revenues & GSI opportunity to aidrevenue growth.

For those who are playing a momentum game surely it makes sense to participate because when the stock reaches a certain high level, low floating stock, that is a classic case for momentum players, surely they should participate.

A total of 770 shares changed hands on the counter till 11:08AM (IST).

Gold and silver futures slipped on MCX on Wednesday in line with international bullion prices, despite a weaker dollar index against a basket of six major currencies. Gold futures were trading at $2,038.50 per troy ounce and were down by $4.40 or 0.22%, while silver futures were trading at $25.840 per troy ounce or $0.058 or 0.220%.

Indian IT companies have posted their worst results in 11 quarters, and stocks in tier-one tech firms have dropped up to 21% in the past three months. Weak demand for IT services is squeezing earnings, while there is little expectation of recovery in the first two quarters of the 2023 financial year, resulting in signs of a slowdown. As a result, BofA Securities, despite analysts being slightly overweight on the sector, has issued an underweight on Indian IT stocks with neutral ratings for Infosys and TCS, and predicting that Wipro and Tech Mahindra will underperform.

Motilal Oswal has reiterated a "Buy" rating on Zomato stock, claiming it has found "no evidence" of an adverse impact from the Open Network for Digital Commerce (ONDC) on the food delivery app. BofA Securities has taken a more cautious "Neutral" stance, setting a price target of INR72 ($0.96). Though warning ONDC could become a significant risk if it continues to scale up it may still "serve as a key platform in the food delivery space". In contrast, the high-end users who prefer speedy service on Zomato and Swiggy are not particularly price-sensitive.

Levers for further improvement in return ratio remain unclear with sustained traction to act as a re-rating catalyst.

The stock quoted a 52-week high of Rs 788.9 and a 52-week low of Rs 583.05.

2023 will be a very topsy-turvy year with plenty of trading opportunities but also an excellent year for long term investors who are looking for sharp market dips to build positions in strong companies.

LotusDew Wealth CEO, Abhishek Banerjee, highlights Nelco as a company that has progressed from a pre-independence business to one that competes with the likes of Elon Musk and Starlink. Nelco holds different types of licenses, making them capable of providing consumer internet to various players, including in-flight internet. Although they initially considered consumer internet, they have put this on hold to study a new draft policy on pricing and business models.