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​UltraTech previous to this acquisition and Kesoram’s acquisition had a very low share in the southern region. So, both Kesoram and India Cements acquisitions would help balance out the share in the southern region as compared to other regions. Second thing being the budget, in the recent budget also a lot of investments are expected in Andhra Pradesh region, especially development of its financial capital, a big irrigation project and a few numbers of industrial corridors. So, there is going to be strong demand environment in the southern region.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.

The Budget was seen hitting the Realty space in the last week while at the same time mixed reactions through markets gave the final verdict with a new ATH close.

Bengaluru’s Ola Electric set its IPO price band at Rs 72-76 per share, to run from August 2 to August 6. The IPO involves a fresh issue of Rs 5,500 crore and a share sale worth Rs 645.56 crore. Funds are earmarked for factory expansion, debt repayment, and R&D. This marks the first IPO from an Indian EV startup.

The Indian market was expected to trade higher on Monday due to positive global cues. The Nifty Future closed with a 1.88% gain on Friday. Analysts suggested a broader trading range between 24,500 to 25,300 zones. Stock recommendations from experts included India Cements, Sonata Software, and BPCL, among others, with specified target prices and stop-losses.

Stocks that were in focus include names like L&T, which gained 2.21%, Zomato, which rose 2.75%, and Ramco Cement, whose shares jumped 3.23% on Friday.

Apollo Pipes, ASK Automotive, Bharat Electronics, Colgate Palmolive, CSB Bank, Elnet Technologies, Fredun Pharmaceuticals, Ideaforge Technologies, Indian Bank, NDTV, Pfizer India, Whirlpool, Wonderla Holidays among others will announce their quarterly results.

Earlier in the month of April, Ultratech Cement’s board had declared a dividend of Rs 70 per share for all its eligible shareholders.

But as you move down the curve from Nifty to midcap, midcap to small, small to micro, that worry increases, where the bulk of the gains are valuation-led and not so much supported by earnings in the near term. Clearly, that is a zone where valuation excesses are more prevalent in micro caps and small caps. But large caps do offer quite a bit of valu