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Financial markets, already anxious about the prospects for aggressive U.S. interest rate hikes, a spike in global inflation and the Ukraine war, were rattled this week over slowdown fears in China as Beijing stuck firm to stringent COVID-19 lockdowns.

Stocks that were in focus include names like Adani Wilmar which was locked in the upper circuit of 5 per cent, Gujarat Alkalies also hit a fresh 52-week high and closed with gains of over 11 per cent, and NLC India hit a fresh 52-week high and closed with gains of over 5 per cent on Tuesday.

Auto marketplace unicorn Droom is set to launch its Rs 3,000-crore IPO by offloading an 18% stake in next two months. The IPO comprises fresh issuance of equity shares worth Rs 2,000 crore and an offer for sale (OFS) to the tune of Rs 1,000 crore, according to the draft red herring prospectus (DHRP) filed by the company in November last year.

Hindustan Unilever, Bajaj Auto, Trent, HDFC AMC, The Indian Hotels, Persistent Systems, Syngene International, Hatsun Agro Product and KPR Mills are some of the companies that are scheduled to announce their March quarter results today.

"Money is moving into value stocks from richly valued spaces. This is where in this bull market we need to have an amalgamation of high growth as well as value stocks going forward. There are many sectors like corporate-linked banks, telecom, capital goods, energy and metals, etc which have seen earnings revival after a long period of 12-14 years."

Ashok Leyland Ltd. key Products/Revenue Segments include Commercial Vehicles, Spare Parts & Others, Sale of services, Engine & Gensets, Ferrous Castings, Scrap, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2021.

“One of the things we are doing and advising clients to do is to look for stocks where dividend yields are really high. Buy them and do not worry if the stock prices fall. They will come back. I find Infosys a tad expensive at this price but I am not going to sell. If you are beginning to build a portfolio, this is a fundamentally strong stock which you should add to your portfolio. On the other hand, Bajaj Finance is an avoid”

“In the case of Reliance Industries, the gross refining margins are going to be about $12 to $18 depending upon the type of the crude. Every $1 of GRM increase adds about 4-5% to EPS growth. So Reliance Industries is extremely well positioned. All its other businesses retail, telecom are doing well and its refining business is going to show really good numbers this quarter.”

Adani Ports is a high beta stock and the consensus recommendation from 19 analysts for Adani Ports & Special Economic Zone Ltd. is a buy at current levels, Trendlyne data showed.

Jefferies finds Macrotech Developers stock worth Rs 1,475. Growth deleveraging dynamic stays intact, it said, citing a further one-third net reduction for India business.