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"These two companies contribute 65 per cent to Nifty’s incremental earnings," said Motilal Oswal. The brokerage is expecting sales for Nifty50 to grow at 35 per cent, Ebitda at 19 per cent and profit before tax at 29 per cent. Kotak said it sees Nifty50 profit growing 27 per cent YoY but down 11 per cent sequentially.

“We expect the inflation to be around 7% for some time till around September. From the second half of FY23, we should have inflation starting to come down and go towards a more manageable range somewhere between 5.5% and 6%. That is beneficial and that is something that the RBI will take into consideration.”

The stock quoted a 52-week high price of Rs 440.75 and a 52-week low of Rs 206.1.

KEC International Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 10540.62 Crore) operating in Power sector.

“The last time India was doing capex was in 2009-10-11. After that, we have seen a lull for almost 11-12 years. So there has been a clear shift with the capex cycle coming back and a lot of managements are all gearing up for a capex cycle. This could be very interesting in terms of the earnings acceleration that we could see over the next three to five years.”

A total of 74,551 shares changed hands on the counter till 01:14PM (IST)

At 10:05 am the scrip traded at Rs. 67.55 around 8 per cent higher than its previous close of Rs 62.4. The stock gave a massive 3-year return of 189.58 per cent as compared to 62 per cent rise seen in Nifty Midcap 100.

Adani Group has clarified that it is not eyeing the consumer mobility space by participating in the 5G auctions through its subsidiary Adani Data Networks. It is eyeing the enterprise services business, which is pegged at almost 40 per cent of overall 5G revenues, according to industry estimates.

The Relative Strength Index of the stock stood at 52.3 on Tuesday.