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The Reserve Bank of India will start testing its retail central bank digital currency (CBDC), the digital rupee, in Mumbai, New Delhi, Bengaluru and Bhubaneswar. The pilot program will extend to nine more cities

Company has reported net profit after tax of Rs 835.00 Crore in latest quarter.

Rupee depreciation brings forth a key question – are Indian Indices at 18,400 level or at ~16,500 level? While foreign investors are currently nursing losses due to INR depreciation, the medium term valuations are becoming attractive.

A total of 18,390 shares changed hands on the counter till 11:47AM (IST)

On the technical charts, the RSI of the stock stood at 38.05.

Global brokerage Morgan Stanley maintained its overweight rating on Zomato with a target price of Rs 92, suggesting an upside potential of 44% from the current price.

"We have 2 strategies–core-equity (a multi-cap investment approach) and Phoenix (a small and midcap approach). Currently our AUM is approximately Rs 145 crore. For YTD FY23, our Core Equity portfolio has delivered a return of 10.9% vs Nifty 500’s return of 3.6%. our Phoenix portfolio delivered a return of 6.9% vs -0.74% for Nifty Smallcap 250 index."

The Relative Strength Index of the stock stood at 48.68 on Tuesday.

“Foxconn is setting up a plant in Karnataka and going to employ 70,000 people and even larger companies from the west want to protect their supply chain. For us to truly benefit from what China might be going through right now, significant work needs to be done to shore up infra and improve manufacturing to the point where we are at par with China in many contexts.”

The majority of the brokerage firms remain positive on the issue, citing reasonable valuations, strong business models, robust growth prospects and attractive opportunities. However, being entirely an OFS is a key risk to the issue, according to analysts.