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“Given that the whole scale of the real money gaming business in India is very large, the opportunity for Nazara to consolidate and scale this pretty rapidly will be very high. Today it contributes about 5-6% of our overall revenues but can this be a 20% contributor in the next couple of years? It surely can be but with the rider that we need more clarity to operate in this space.”

Extending its gains in the new month, Mahindra & Mahindra (M&M) hit new life highs on Monday as the company recorded a strong booking response to its newly launched Scorpio N.

The Nifty Bank index closed 1.1 per cent up at 37903.2.

A few analysts said premium growth was subdued, with a decline in group premium and said elevated claims impacted the combined ratio. Others said product and distribution efforts added confidence to earnings potential going forward. Overall, price targets on the stock suggest a potential 5-33 per cent upside on the counter.

The gross debt also fell to Rs 3,900 crore as of June 30 from Rs 4,755 crore at the end of the last fiscal.DLF is the largest real estate company in terms of market capitalisation. It has so far developed more than 153 real estate projects comprising over 330 million square feet of area.

“We should expect the ROA for IDFCFirst Bank to rise every quarter from here. Let me just say that our bank is fundamentally structured to reach a 2% return on assets and I should call that probably the next landmark moment. I am pretty sure we are heading in that direction.”

The S&P/ASX 200 index closed 0.7% higher to record their fifth straight session of gains. The benchmark ended 0.8% higher on Friday.The Reserve Bank of Australia is expected to deliver a third consecutive half-point interest rate hike in its meeting on Tuesday in a bid to temper soaring inflation, according to a Reuters poll.

As of 30-Jun-2022, promoters held 74.36 per cent stake in the company, while FIIs held 14.93 per cent and domestic institutional investors had 3.27 per cent.

“The feel-good factor which is so very important when someone makes a decision to buy a house is very high today. People’s jobs are stable, income levels are rising and that is giving them the confidence to go ahead and look to buy a house. Also, the earlier fear in peoples’ minds that there is an oversupply, particularly in the Mumbai and the Delhi market, has now gone away.”

“Yes Bank is moving in the right direction. It will take some time for it to come back to the same kind of profile as it used to have earlier, but I believe that it is a very positive move. DLF should do well but at Rs 380 odd stock price, most of the positives are factored in for the short term.”