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The continent-wide STOXX 600 index was up 0.8% by 0716 GMT, after falling last week on worries about a potential global economic slowdown.

The bank said that the reversal in interest rate cycle this year saw the incremental cost of funds going up but it was well-compensated by simultaneous increase in the disbursement yields during the quarter.

More than half of IndiGo’s flights were delayed on Saturday as a large chunk of its staff stayed away from work – allegedly to attend a recruitment drive of rival airlines – inconveniencing scores of passengers.

“The macro is no longer as dark a red as it was appearing in October, November, December. It is turning amber again and perhaps it is the beginning of the end to use a cliché. So to that extent, maybe there are clearer skies ahead in a couple of months’ time. Remember, time to short bond and equity both are behind us.”

“We believe that the share of plastics used for these banned SUPs (single-use plastic) is not large (less than 2-3%) and our interactions with industry experts suggest that the maximum impact would be on polystyrene (PS). The key producers of PS in India are Supreme Petrochem and LG polymers,” Kotak analyst Sandeep Gupta said in a report.

The scrip has given a three-year return of -45.94 per cent as compared to Nifty 100 which gave a return of 33.22 per cent. IndusInd Bank, incorporated in the year 1994, is a banking company having a market cap of Rs 64,708.66 crore.

On the weekly charts as well, the stock is trading below the 50-WMA, but above the 200-WMA. The stock rose over 3 per cent in a week and fell just a little over 1 per cent in a month compared to over 4 per cent fall seen in the Nifty in the same period.

“From investor standpoint, one needs to be realistic about long-term aspirations on equity market and more critically, book profits because when the economic policy changes for the world and not only in India, we will never know it and all profits may disappear. So people need to book profits and take the cash home. Nothing is long term in this world. The old paradigm in investing is dead.”

Delhivery provides a full range of logistics services, including delivery of express parcel and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software.

“One largecap which trades at a significant discount to the market and is very under owned and in my view is entering into a good growth cycle of at least two to three years. I would still think that there will be buying in this stock now on every dip.”