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On the technical charts, the RSI of the stock stood at 44.62.

With HDFC Bank’s multiple 30% lower than in the past, improving core PPOP growth and a good start to its deposit mobilisation journey, we believe it is at the end of its underperformance period," global brokerage firm CLSA said.While the ramp-up in deposit mobilisation will remain a steep task, its current standalone valuation at 2.4x FY24CL book and consolidated valuation of 2.1x FY24 book are undemanding, and incremental risk-reward is favourable, it said.

The Nifty Pharma index was trading 0.25 per cent up at 12982.8.

The stock also recorded a breakout from the neckline of a head and shoulder pattern on the weekly charts which augers well for the bulls. This is the second breakout from the said pattern since September.

Rating on ICICI Prudential, JPMorgan remained underweight on D-Mart and Tata Elxsi, BofA Securities maintained its buy rating on Federal Bank and Citigroup maintained sell call on Shree Cement.

Shares of BLS International have delivered multibagger returns to investors, rising more than 230 per cent on a year-to-date basis, whereas the stock is up 90 per cent in the last six months. According to Trendlyne data, Shankar Sharma publicly holds seven stocks with a net worth of over Rs 117.1 crore as per the latest corporate shareholdings filed.

Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 625841.51 Crore) operating in IT Software sector.

We are seeing strong and sustained growth in the automotive and adjacent segments, led by our EV and digital capabilities. We are gaining market share in both Automotive and Media & Communications, especially in Europe. The numbers are muted in the region due to unfavourable currency movement.

“In my view, in the next two years, the larger banks will do better than the smaller ones because of the low-cost deposits they have in a rising interest rate scenario and to that extent, SBI is very well placed. In the near term, because it has done so well and most retail investors and everyone else loaded up on it, we have to see how it performs but longer term directionally, it is well placed.”

According to the data from Ace Equity, as many as three dozen stocks need to post over 100% returns from their current levels. These 36 stocks need to rally 100-426% to regain their 52-week highs from the last close. The list of beleaguered counters include players from various sectors including new-age internet companies, NBFCs, IT, healthcare, petrochem, energy, auto and auto ancillaries, media, consumer durables, telecom and others.