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RBL Bank, incorporated in the year 1943, is a banking company (having a market cap of Rs 9701.01 Crore).

Experts suggest that Sun Pharmaceuticals stock prices could exceed Rs 1,100 levels in the short term if current momentum continues, following a bounce back after retesting its 200-day moving average on the daily charts. Traders may consider accumulating the stock within the range of Rs 970-990. The pharma stock is trading above its 5, 10, 30, 50, and 200-day moving averages but below 20 and 100-day moving averages on the daily charts

Moreover, given the acquisition shall be funded through debt, and forgone other income, the brokerage expects the acquisition to be earnings dilutive and expect earnings to be impacted by -5%/-5% in FY24/FY25.

Hemang Jani, Equity Strategist & Senior Group VP at MOFSL,expects passenger vehicles and commercial vehicles to continue seeing growth, but there may be suppressed performance in the tractor industry. Kotak Bank has performed well with strong loan growth, NII, and asset quality. UltraTech is best positioned in the cement sector and expected to experience strong volume growth.

The Nifty Pharma index was trading 0.08 per cent down at 12604.1.

The Relative Strength Index of the stock stood at 60.79 on Tuesday.

The stock quoted a 52-week high price of Rs 419.55 and a 52-week low of Rs 206.1.

Baroda BNP Paribas Mutual Fund has said the recent tax amendments by the government on debt mutual funds could shift investor interest temporarily towards PMS and alternative investment funds. In an interview, Prashant Pimple, chief investment officer - fixed income at the asset management company, however, said that passive funds may see muted flows. Despite this, it is believed open-ended mutual fund schemes such as short-term income fund, corporate bond or gilt funds could see flows from investors.

The Nifty50 index is expected to consolidate or experience a turn lower this week, but downside momentum would need to conquer 17885 for it to materialize, according to Anand James, Chief Market Strategist at Geojit Financial Services. The favoured view is that there are prospects for the continuation of the uptrend with a focus on 18600, but the expert also warns of a fair potential for consolidation, once in the 18110-18300 band.

The Indian market is expected to show mixed cues on Tuesday, following global markets. Although the BSE index rose over 400 points last week and the India VIX fell by 4.14%, options data suggest a broader trading range between 17,500 and 18,500 zones and an immediate trading range between 17,800 and 18,300 zones. Various experts have recommended stocks for traders with a short-term horizon, including Bharti Airtel, which is expected to trend upwards, and DLF, which has seen a breakout from a consolidation range.