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Reliance Industries Ltd.’s Jio Financial Services Ltd. “can pose a significant growth and market-share risk” for players such as Paytm and Bajaj Finance Ltd., Macquarie analysts led by Suresh Ganapathy wrote in a note on Monday.

It is followed by Future Consumer as the debt-ridden Kishore Biyani firm has tanked about 75% in the last one year. The shareholding of individual investors has jumped over 12% to 87.19% as of September 30, 2022, in the given period.

The agency said that the small and midsize enterprise sector and low-income households are vulnerable to rising interest rates and high inflation. However, in case of moderate interest-rate hikes, these risks are manageable for Axis Bank.

“The new-age tech concept is good but valuations are still crazy and we are seeing the rush is on. Smart people are selling them off. It is going to end and it is going to end pretty badly for lots of investors including institutional investors who even now are buying at this price. Do not catch a falling knife even if the return goes up. But it is a big falling knife and still has a long way to go.”

Last week a government notification was also issued that increased the maximum tenure of CEO and MD of public sector banks to 10 years from five years earlier. The move will help PSU lenders retain talent.

“Some steel companies have a bigger export market share like Tata Steel and Jindal Steel. Due to slowing demand globally with recession fears, even after removing the export duty and despite the prices of steel both imported and domestic coming back, it does not give any earnings upgrade to Indian Steel companies. ”

The quota reserved for qualified institutional buyers (QIBs) was subscribed 98.47 times while the one reserved for non-institutional investors (NIIs) and retailers was subscribed 21.21 times and 4.1 times, respectively.

The dollar advanced against most major currencies overnight, recouping recent losses, as traders shunned riskier currencies over concerns about the global economic outlook from the COVID-19 curbs in China.

Citigroup maintained a buy rating on Bharti Airtel with a target price of Rs 940. The global investment bank forecasts a 15% consolidated EBITDA CAGR for Bharti over FY22-25E.