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I think HDFC Limited is already selling whatever they felt were the pain assets or they may be wanting to get rid before they get into the merger.

“Last year was extremely good for Porsche India; there was a 64% increase in retail over the last year and the year before was 62%. It told us that there is a lot of potential here and, of course, we think this year will also be a good year for Porsche India.”

Tata Steel, incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 131402.12 Crore) operating in Metals - Ferrous sector.

According to data available on Trendlyne, the MWPL for Delta Corp stood at 89.6% on Thursday with OI reported by Trendlyne at 15.9 million. It was down 3.3% from the previous session.

Sensex slipped below the 60,000 mark while Nifty broke below the 17,600 level. IT major Infosys, whose shares crashed 12%, was the single largest drag on both the indices. The selloff was across the board in IT stocks as Tech Mahindra, HCL Tech, TCS and Wipro tanked up to 6%.

ICICI Securities maintained a buy rating on Bharti Airtel with a target price of Rs 960. “The biggest disappointment for Bharti we have heard from investors is the lack of free cash flow (FCF) generation in the past, which has capped shareholder value creation,” the brokerage said.

As of 31-Dec-2022, promoters held 51.01 per cent stake in the company, while FIIs held 26.6 per cent and domestic institutional investors had 0.55 per cent.

For the brokerage, ‘growth at a reasonable price’ theme looks attractive on account of the domestic play of good Rabi season, cool-off in commodity prices and inflation, rural recovery, and the expectation of margin recovery in the upcoming quarters.

The stock traded at a P/E multiple of 33.56, while the price-to-book value ratio stood at 6.89.

The rupee depreciated 12 paise to 81.97 against the US dollar in early trade on Monday, weighed down by firm crude oil prices and a negative trend in domestic equities. Forex traders said the strengthening of the American currency in the overseas market also weighed on the local unit.