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Analysts at BNP Paribas have assigned target price estimates to several companies across various sectors. Reliance Industries, the largest by market capitalization, has a target price of Rs 1,650. Tata Consultancy Services (TCS), another major market player, is projected to reach a target price of Rs 4,750.

The Indian rupee strengthened on Wednesday, tracking gains in most of its regional peers, while dollar-rupee forward premiums declined on the back of likely dollar-rupee buy/sell swaps conducted by the Reserve Bank of India.

I agree there is a bit of a slowdown, there are fears, there is FIIs selling. But where is that talk of 25,000 crores domestic money that is coming into the system every month? Everybody has forgotten it. I think that is going to come at play on the first signs of stability.

Gautam Shah discusses market behavior, with an outlook on quality stocks, sector shifts, and leadership changes. He emphasizes Bajaj Finance for its solid fundamentals and predicts market recovery amid external pressures.

Cyient DLM reported an adjusted PAT of Rs 166 crore for the quarter. Revenue grew 38.4% YoY to Rs 4,442 crore, while adjusted EBITDA rose 21.9% YoY to Rs 359 crore. However, the EBITDA margin contracted by 109 basis points to 8.1%, and the adjusted PAT margin declined 200 basis points YoY, settling at 3.7%.

Bharat Dynamics share price: After resuming its upward momentum, the stock broke above its downward trendline and began forming higher highs and higher lows, finding support along an upward-moving trendline.

Rohit Srivastava, Founder of Strike Money Analytics, highlights the impacts of a rising dollar and bond yields on the Nifty, predicting further downside with significant levels to watch at 22,800 and potentially lower, while emphasizing caution against buying dips in a weak market.

Ultratech Cement’s revenue from operations in the third quarter is expected to grow by just 1% YoY, while PAT may decline 29% YoY, according to an average estimate of four brokerages. EBITDA is projected to fall 14% YoY, with operating margins contracting by 3.1 percentage points to 16%. Ultratech faces pricing pressure from peers despite its strong branding, with analysts citing weaker realizations due to subdued white cement and clinker sales.

The Relative Strength Index of the stock stood at 32.82 on Wednesday.

Promoters held 70.08 per cent stake in the company as of 31-Dec-2024, while FII and DII ownership stood at 5.7 per cent and 5.36 per cent, respectively.