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The brokerage reiterated a buy call on GRSE with a revised target price of Rs 400 on the counter, signalling an upside potential of 75 per cent from its price of Rs 230 on Thursday, July 14."We are optimistic on India’s defence indigenization story with GRSE entering the critical ‘Bell Curve’ of the shipbuilding cycle," said the brokerage. However, it has not yet factored in the next-generation Corvette order.

“We are very confident of H1 and we are cautiously optimistic as far as the H2 is concerned but I do not think there is any immediate significant red flag at this point of time. So overall we feel that we should continue on the trajectory of profitable growth as we have always been calling out. ”

“As soon as the rain stops in Gujarat and Maharashtra etc. further sowing will take place. Rainfall plays an important role in the consumption of agrochemicals because of the diseases and the pests that accompany rains. Higher consumption of agrochemicals is expected and the offtake is much better in July compared to June.”

The solar energy giant added that sales of energy saw a rise to 3,550 million units in the quarter ended June 2022 as compared to 2,054 million units in Q1 FY22, a 73 per cent YoY increase.Following the update, Adani Green hit a low of Rs 1,931 but recouped most losses to trade flat at Rs 2,070.70 in the afternoon session.

The stock started its journey of higher highs and higher lows from above Rs 40 levels recorded in March 2021 to January 2022, where it witnessed some profit-booking.Titagarh Wagons slipped below the crucial 50 and 200-DMA in February 2022 on daily charts but quickly created a base above Rs 75 on 24 February after which it bounced back sharply to climb above Rs 100.

A total of 377,047 shares changed hands on the counter till 02:10PM (IST).

Citi has a neutral outlook on Hindustan Zinc, which announced an interim dividend of Rs 21 per share for the financial year 2022-23. The brokerage sees the stock at Rs 255, following a 14 per cent correction in shares in 2022.

“Share price action has no bearing on what we do. Whether it is ITC, Titan or HDFC Bank, the share price tells you nothing about the company. If the share price has gone up, you should not be happy. If the share price has gone down, you should not be depressed,” Mukherjea told ETMarkets in an interview.

The IT major reported a 37.3 per cent year-on-year (YoY) rise in profit after tax (PAT) at Rs 471.60 crore compared with Rs 343.40 crore in the same quarter last year. Revenue for the quarter rose 36.2 per cent YoY to Rs 3,121.10 crore compared with Rs 2,291.70 crore in the corresponding quarter last year.

“When somebody is looking at very moderate return expectations with a relatively low risk, NTPC and Power Grid are the names that one can look at but given their legacy and the fact that they are all government owned companies there may not be a significant upside. So, from that perspective we are positive on both these names.”