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The Nifty Realty index closed 0.43 per cent down at 418.25.

According to the latest shareholding pattern filed with the bourses, Jhunjhunwala sold 87,50,000 equity shares of Canara Bank. His holding slipped to 2,68,47,400 equity shares or 1.48 per cent from 3,55,97,400 equity shares or 1.96 per cent as of June 30, 2022.

As for the company’s payments vertical, the brokerage maintained that higher adoption of devices i.e. POS and soundbox, should support higher gross merchandise value (GMV) and also increase merchant revenue and offer higher cross-sell opportunities for merchant loans.

“Going forward, EMIL is planning to open a few more stores in the tier II, tier III cities and in Andhra Pradesh and Telangana and the whole of Delhi NCR as well and we are talking about Faridabad, Gurgaon, Noida, Greater Noida, Ghaziabad and the whole Delhi city as well.”

Amid uncertainties about the Blinkit merger and its likely impact on the food aggregators’ profitability, the brokerage has given such a rating to the new-age stock

At 2.41 pm, the stock was trading 4.46% higher at Rs 18.75 over its last day’s closing price of Rs 17.95 apiece

“ICICI Bank is our top pick where we feel that the credit growth momentum is extremely strong and both retail loan as well as the revival in the capex is also getting reflected in the corporate loan growth. We expect ICICI Bank to show almost close to 2% kind of ROA and close to 17% kind of ROE in next two years.”

The stock quoted a 52-week high price of Rs 493.0 and low of Rs 312.05.

Wipro said its large deal bookings grew 42% YoY in H1 2023. The overall order book in TCV terms grew 24% YoY in Q2. At 12.06 pm, the scrip was trading 0.19% lower at Rs 376.6 over its last day’s trading price of Rs 377.30 apiece. The stock has fallen nearly 30% in the last six months while it has declined 48% year-to-date.

“Two stocks that one could look at are IDFC First Bank and Tata Consumer. In the case of IDFC First Bank, the Q1 numbers have been very encouraging. It is a recovery story and it is now being supported by good numbers. Tata Consumers is a long-term buy with a target of Rs 900,” says Sharmila Joshi