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The consensus recommendation from 22 analysts for the stock is a Hold. Out of the 22 analysts covering the stock, 12 have strong buy and buy ratings, five have strong sell and sell ratings, and five have hold ratings.

Export sales during the quarter grew 68 per cent with strong off-take for steering products, the company said. Sales from the aftermarket customers registered a 12 per cent growth while better operational leverage, favourable mix and forex helped improve EBITDA margin by 555 basis points, the company said.

Many long term investors have been busy cherry-picking high quality names among IT stocks after they were hammered on fears related to recession, margin compression and deal wins. Mphasis, Tech Mahindra, Wipro, LTTS and LTIMindtree are still down at least 30% from their 52-week high levels.

Shares of PSU banks have given stellar returns in 2022, with some of them even turning multibaggers. A significant improvement in earnings due to major clean up of balance sheet and strong credit growth has driven the outperformance of stocks.

Axis Capital maintained its buy rating on Piramal Enterprises with a target of Rs 1100. One-off items boosted PAT, and retail disbursements are on track. Retail disbursements are on a strong footing. New book growth is steady, and it looks like PEL is going on through a transformational stage, said the note.

The Nifty Realty index was trading 0.3 per cent down at 410.4.

Nifty now trades at 18.5x 1-yr forward PE or a 7% premium to 10-year avg. and valuation gap vs China is also now back to the 10-year avg. This makes us more optimistic on the market outlook," it said, adding that the trends were positive in the Budget and Q3 earnings.

Trent recently entered into a joint venture with MAS Group, Sri Lanka. Over time, Trent and MAS would pool their domain expertise to undertake design, development, and manufacturing of a range of intimate wear and other apparel products.

“Adani Ports clearly looks good and we have been adding in Adani Ports because if you look at the company and the sum of its parts, in the ports business, if you apply 10-11 times EBITDA that itself comes to Rs 750-800 price. If you add all things together, it is well north of close to a Rs 1,000 stock. ”

Phoenix Mills Ltd. key Products/Revenue Segments include Licence Fees, Service Charges and Others for the year ending 31-Mar-2022.