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Nazara has multiple (sub-scale) growth segments but lacks a strong core to drive synergies and put the flywheel in motion, making the long-term compounding growth narrative unclear, added the brokerage.The stock has risen over 15 per cent in the past 1 month after the WildWorks acquisition and Google’s decision to allow Rummy and Fantasy Sports apps on Play Store.

“Standalone gross margin expanded by 320 bp YoY to 37.9 per cent in 1QFY23 due to a moderation in tea prices, which led to an 80bp expansion in EBITDA margin to 14.8 per cent. However, gross margin is 290 bp lower than 1QFY21 levels due to a surge in tea prices, led by lower production during that period,” the report added.

According to the trading plan filed by the company under Insider Trading Regulations, Agarwal intends to execute the trade in multiple tranches between May 10, 2023, and August 31, 2023.

The Nifty Realty index was trading 0.37 per cent down at 455.5.

Speaking at the Global Fintech Fest here, Buch said in an initial public offering (IPO), the Application Supported by Blocked Amount (ASBA) system helps ensure that money from an investor gets moved only when an allotment happens.

"Markets across the globe were trading with considerable volatility ahead of the Fed policy announcement. A 75 bps hike by Fed was factored in by the markets, while reports of mobilising Russian forces in Ukraine has escalated geopolitical tension and fears of rising inflation," said Vinod Nair, Head ofResearch at Geojit Financial Services.

Investors are awaiting the Federal Open Market Committee (FOMC) decision on interest rates this evening, Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors said, adding 75 basis points hike is factored in by the market but a 100 basis points rise will be a huge guidance and will take the dollar index higher.

Post-tax returns are an important aspect for every investment avenue. A suggestion for younger people who can afford to do so, is to buy a term insurance and health insurance early on in their career, over and above of what their employer provides.

Brokerage firms remain divided whether the situation is a glass half full or half empty. They see challenges for the sector amid the signs of revivals, and some suggest an action plan which may push the sector back on track.

Indian stock markets, mirroring world markets, ended the session in the red ahead of the crucial Fed outcome on Wednesday. Nifty ended the day 0.55 per cent lower at 17,718, while Sensex settled at 59,457, down 0.44 per cent.