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Alkem Laboratories Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 33880.54 Crore) operating in Pharmaceuticals sector.

"We expect gold prices to trade sideways to down for the day with COMEX Spot gold support at $1,790 and resistance at $1,830 per ounce. MCX Gold June support lies at Rs 49,700 and resistance at Rs 50,200 per 10 gram," said Tapan Patel, Senior Analyst (Commodities), HDFC Securities.

“Over a period of years, the Adani Group will look to match UltraTech in size which today is about double – they are about 120 million tonnes versus Holcim’s 70 million tonnes. But I doubt very much whether it could be done in five years. In the past, I do not think anybody has been able to do that kind of expansion.”

Analysts believe weakness in the sector may continue in the short term. However, in the long term, the rally in the space may not be over yet.

Promoters held 43.49 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 35.03 per cent and 2.18 per cent, respectively.

​The daily chart suggests that prices have rebounded from their lower levels and are sustaining above Rs 2,150 which is an important level.

"At the current juncture, we see value emerging in domestic cyclicals namely auto and auto ancillary and financials (banks & NBFCs). The auto sector has witnessed a prolonged period of low growth and semiconductor shortages have impacted the sector. However, with a change in the demand environment, we think that an upcycle is on the anvil. Another sector that is poised for growth is the financials."

“Most of the large banks, private sector banks reported a strong set of numbers including SBI. A bottom-up approach should be made at these levels. Metal stocks have been hammered quite sharply in the last 15 days or so. A lot of stocks have again become very attractive. For example, Tata Steel has fallen 15% and looks very attractive.”

State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 396832.85 Crore).

Paytm has disbursed 15.2 million loans in fiscal year 2022 (FY22), a more than five-fold growth from FY21 when the number of overall loans disbursed on the platform stood at 2.6 million, according to data released by its parent entity One97 Communications on Sunday.