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Adani Ports shares were trading at Rs 666.45 on NSE, up Rs 8.05 or 1.22%. The stock was also the top gainer on Nifty50 in early trade.

The stock traded at a P/E multiple of 38.9, while the price-to-book value ratio stood at 4.0.

Reliance Industries, incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1585644.53 Crore) operating in Diversified sector.

Brokerage firm Motilal Oswal, however, maintained a buy rating on ICICI Securities with a price target of Rs 530, estimating a 15% upside. The target price is premised on 12X FY25E P/E of the company.

The average Brent price is down ~8% QoQ and ~18% YoY to USD 81.4/bbl in Q4, implying an improvement in petrol/diesel marketing margins for the OMCs during the quarter.

While Brexit, uncertainties in the US, and macro factors are still at play, Hiral Chandrana is confident of beating industry average growth rates and focusing on capabilities in data and managed services.

As of 31-Dec-2022, promoters held 74.99 per cent stake in the company, while FIIs held 8.63 per cent and domestic institutional investors had 6.4 per cent.

"The organic growth of >5% was higher than our estimate and led by a revival in the UK government, strong UK private (retail and financial services) and stability in the NHS and Oracle CX business. The order book remains healthy, having improved by 4.1% QoQ CC to USD 218 million, indicating continuity of organic growth," HDFC Securities said.

Technically, Emkay Global is trading above eight out of eight SMAs (Simple Moving Average). The day RSI (14) is 51.9. RSI below 30 is considered oversold and above 70 overbought. While, the Day MFI is at 72, MFI above 70 is considered overbought. This implies that stock may show pullback, Trendlyne data shows.

Brokerage Nuvama Institutional Equities expects RIL’s consolidated operating profit to grow 16% on year and 3% sequentially, led by a significant rise in gas prices, higher footfalls in the Reliance Retail’s outlets, and growth in the average revenue per user (ARPU) at Reliance Jio.