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“I do not think there is any momentum pick in the next three-four months at least from an IT perspective. But considering that valuation is only one factor, if we have a view for next year plus or so, a lot of companies in the midcap as well as the largecap IT space remain very good picks.”

“While the festive season sale surge in shipment volumes will spill over to Q3FY22 as well, we anticipate moderate growth in shipment volumes through the rest of the financial year," Delhivery said in a BSE filing.

Among global brokerages, BofA Securities and CLSA both have given target prices of Rs 1,400, which signals an upside potential of 20%

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“There are lots of ideas and it is very hard to pick one idea. Companies like L&T, ICICI Bank, IndusInd Bank, Aditya Birla Capital all of them according to me will be very well placed. We recently added Aditya Birla Capital and we think from this Diwali to next, Diwali also, it can surprise us and deliver superior returns. ”

He said a momentum investor will have a tough time managing volatility.

The rupee slipped to a record low of 83.2150 on Thursday. It is likely to fall further to 84.50 by December, according to the mean and median forecasts of a poll of 14 bankers and foreign exchange advisors.

The brokerage mentioned that the general insurance player logged an increase in net premiums earned (NEP) which stood ahead of estimates at Rs 3,840 crore, given the sharp uptick in health as well as crop segments. Furthermore, loss ratios in the health segment moved higher up over 81% on a quarter-on-quarter basis. Also normalization of road traffic after Covid-led disruption together with the pricing pressure pushed claims ratio in the motor own damage (OD) space.

On the technical charts, the RSI of the stock stood at 33.44.

Sebi has directed stock exchanges to put in place the necessary infrastructure for access and use of the platform by the stock brokers and issue circulars on the modalities for operational aspects.