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6 large and small-cap stocks from the Nifty 500 index hit 52-week lows

European shares gained on Wednesday following broad-based increases. The STOXX 600 rose by 0.3%, snapping a three-day losing streak. British stocks outperformed after a decrease in local inflation data. The UK midcap index jumped 1.4% and the FTSE 100 rose 0.7%. Investors await the U.S. inflation reading for further insights.

Trading at Rs 1,245 on the BSE, Reliance Industries stock is currently at its most attractive valuation since March 2020.

LTIMindtree’s adjusted profit after tax is expected to fall between 1.5% and 8.3% for the October-December quarter, with the bottom line ranging from Rs 1,152 crore to Rs 1,084 crore. A sharper decline is anticipated on a quarter-on-quarter basis due to furlough impact. EBIT margin is also projected to decline YoY and sequentially. Key focus areas include cost takeout projects, banking vertical, and client spending outlook.

Macquarie initiates coverage on Devyani International and Sapphire Foods with "Outperform" ratings, setting target prices of Rs 230 and Rs 390 respectively. Positive outlook driven by growth momentum in the QSR sector, with notable December acceleration and potential fiscal stimulus from the February budget.

Axis Bank shares dropped over 3% to a low of 1,014.65 during a block deal involving 33.2 lakh shares. The stock has underperformed, falling nearly 8% in the past year. The bank is expected to report Q3FY25 earnings soon, with anticipated lower loan growth and higher provisions impacting profits.

The Sundaram Alternative Opportunities Series – High Yield Secured Real Estate Fund IV closed60 deals with zero capital losses to date. SA RE Credit Fund IV is 70% deployed in a portfolio that is yielding close to 19% IRRs.

The preferential issuance of $275 million will be led by the promoter group investing $150 million and Fidelity Investments investing $125 million. The promoter participation is at a premium of 17.5% over Tuesday closing price, signalling conviction in the value creation potential of ABFRL, it said.

On the technical charts, the RSI of the stock stood at 26.25.

​Similar levels would be closer to around 49,100 to 49,200, I think in that range we should see resistance going forward and probably another leg downwards could start from there and we could be headed towards 46,600 in the days to come.