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Brokerage firms remain divided whether the situation is a glass half full or half empty. They see challenges for the sector amid the signs of revivals, and some suggest an action plan which may push the sector back on track.

Indian stock markets, mirroring world markets, ended the session in the red ahead of the crucial Fed outcome on Wednesday. Nifty ended the day 0.55 per cent lower at 17,718, while Sensex settled at 59,457, down 0.44 per cent.

In 2022, the benchmark index Nifty has gained about 2.5 per cent. However, 22 stocks from the index are underperforming the benchmark. From that list, ETMarkets found seven stocks that have slipped 30 per cent from their 52-week high levels.

The Nifty Realty index closed 1.29 per cent down at 451.3.

Based in Dubai, the elder Adani manages trading businesses in Dubai, Singapore and Jakarta. His wealth increased by 28 per cent or Rs 37,400 crore in the last year, and he moved up two ranks to claim the sixth position in India’s top 10 rich list. In the last five years, his wealth has increased by 850 per cent or Rs 151,200 crore to Rs 169,000 crore.

The company has 3.9 million tonnes (MT) of oilseed crushing & refining capacity with current utilisation of 40 per cent. “The company would be able to increase capacity utilisation by leveraging its existing & Patanjali brand to drive volumes,” added the brokerage.

“The fact we have great prospects for the next 3-5 years, should not blind us to what is happening around us right now. Ultimately our market will deliver what our economy and what our corporates will deliver. But that delivery always takes 2-3-5 years to play out. So having patience, having a time horizon is very important right now. But, in the next two-three months, I would be very cautious about making any pronouncements.”

Investors holding the eClerx as of the record date will be eligible for additional shares. Since the announcement of bonus shares on August 10, the stock has gained over 8 per cent.

The RPG Group company, on Wednesday, announced orders worth Rs 1,123 crore across various businesses, including transmission & distribution, railways lines, hydrocarbon segment and cables. Earlier this month, it had announced another EPC order win worth Rs 1,108 crore across multiple segments. The new order wins are opening up revenue prospects for the company but have failed to woo investors.

“We had a huge amount of restructuring going on in India as a result of the reforms that were undertaken in 1991. We are in a similar situation at this point. I would say that this is not a 10-year story but over the next one or two years, it is quite possible that the market does not really go anywhere.”