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The brokerage anticipates further momentum in this stock to scale still higher targets and with also the RSI indicator reversing its trend signaling a buy, it has maintained a positive bias.

Out of the 12 crore users, about 42% fall in the 30-40 age bracket, followed by 23% in the 20-30 and 11% in the 40-50 age bracket. Since 2008, the highest annualised growth of 31% has been recorded in the age bracket of 30-40. About 20% of the new additions came from Maharashtra, followed by 10% from Gujarat and 9% from UP.

Brokerage firms see enough money-making opportunities in a number of stocks. Based on their recommendations, here are some top picks from brokerage firms where traders can initiate buying for short-term gains.

Rites, incorporated in the year 1974, is a Mid Cap company (having a market cap of Rs 9193.95 Crore) operating in Services sector.

The big deal announcement by Dalmia Bharat has been attractively valued at $73 per tonne which is much below the replacement cost of dollar 120 per tonne. So the acquisition is attractively valued.

“I see stability in the dairy prices and the market. There may be a small increase but the situation is tight in dairy supply because demand is much more than what the organised sector is able to meet. The pre Covid level was much higher than the pre Covid level. It is good for the long term of the dairy industry and for farmers as well as consumers like you.”

The stock traded at a P/E multiple of 103.66, while the price-to-book value ratio stood at 19.49.

Alec Young, chief investment strategist at MAPsignals, said that while “retail might have it right,” the professionals’ caution is warranted because consumer price index data will be released Tuesday, a day before the Federal Open Market Committee rate decision and both have driven big market moves.

The stock quoted a 52-week high of Rs 5324.9 and a 52-week low of Rs 3365.9.

A total of 174,656 shares changed hands on the counter till time (IST).