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“The opportunities are really quite large in front of us. All companies want to do digital, want to do cloud and we are in the early stage of that shift. For the clients we are working with, we see a lot of work in the future. Digital spend is still critical for companies and they are using both their opex and the capex. So the digital spend is there.”

Religare has maintained a Buy on the stock with a target price of Rs 229, valuing the core business at 15x FY24E EPS and Rs 35 for its 4.1% stake in HDFC Life Insurance (at 40% holding discount).

A total of 38,400 shares changed hands on the counter till 11:28AM (IST)

Greenpanel Industries Ltd., incorporated in the year 2017, is a Small Cap company (having a market cap of Rs 6654.38 Crore) operating in Building Materials sector.

Larsen & Toubro Infotech (LTI) board on Friday approved a scheme of amalgamation with Mindtree, creating a $3.5 billion IT services provider. The two companies are subsidiaries of Larsen & Toubro.

"We believe a much closer analysis is required before reaching a decision. This is because price volatility is a given when it comes to equities. But, the important aspect here is that prices of good businesses may fall due to market factors, but eventually will tend to recover. So, the need here is to identify businesses that have been resilient in tough market situations and has the capacity to mitigate the impact of rising inflation and interest rates."

“After the IL&FS crisis, a lot of companies and NBFCs and us in particular, have strengthened capital. Our capital adequacy ratio today is almost 40% so that if there is any uncertainty, we should be able to weather the storm and grow further. Size is becoming more and more important because the operating costs can be spread out and the stronger companies will become stronger, increasing profitability.”

The global cryptocurrency market cap was trading sharply lower at the $1.53 trillion mark, falling about 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed about 14 per cent to $98.63 billion.

The rupee weakened past the 77/$1 level and was last trading at 77.1325/$1. The Indian currency had closed at a record low of 76.98 on March 7.

“We are in a very good credit turnaround cycle; credit demand should pick up, credit cost will come down and we should have bumper profit growth coming from the banking sector as a whole and valuations are reasonable. We have some kind of tailwind in the economy except for this war and inflation.”