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At 2.41 pm, the stock was trading 4.46% higher at Rs 18.75 over its last day’s closing price of Rs 17.95 apiece

“ICICI Bank is our top pick where we feel that the credit growth momentum is extremely strong and both retail loan as well as the revival in the capex is also getting reflected in the corporate loan growth. We expect ICICI Bank to show almost close to 2% kind of ROA and close to 17% kind of ROE in next two years.”

The stock quoted a 52-week high price of Rs 493.0 and low of Rs 312.05.

Wipro said its large deal bookings grew 42% YoY in H1 2023. The overall order book in TCV terms grew 24% YoY in Q2. At 12.06 pm, the scrip was trading 0.19% lower at Rs 376.6 over its last day’s trading price of Rs 377.30 apiece. The stock has fallen nearly 30% in the last six months while it has declined 48% year-to-date.

“Two stocks that one could look at are IDFC First Bank and Tata Consumer. In the case of IDFC First Bank, the Q1 numbers have been very encouraging. It is a recovery story and it is now being supported by good numbers. Tata Consumers is a long-term buy with a target of Rs 900,” says Sharmila Joshi

On the technical charts, the RSI of the stock stood at 54.71.

Unlike NSE which considers shareholder nod for rejig, BSE does it only closer to the effective date of the merger. “Going by the current pace of approvals and as per our ballpark estimate, HDFC Ltd will continue to be a member (of Sensex) till the entire process is over (around Q1 FY24),” the report said.

As of 30-Jun-2022, promoters held 0.0 per cent stake in the company, while FIIs held 14.91 per cent and domestic institutional investors had 14.81 per cent.

Shares of Electronics Mart India jumped to Rs 91 before dropping to Rs 83.25 on BSE, its intra-day lows till 11.45 am. Market analysts remain divided about any immediate move over the listing price. They unanimously suggest to avoid making a fresh entry on the counter.

The lender was able to reduce gross non-performing assets (NPAs) to 3.40 per cent of the gross loans at September-end 2022 from 5.56 per cent a year ago. Likewise, net NPAs or bad loans came down to 0.68 per cent from 1.73 per cent at the end of the second quarter of the previous fiscal.