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Jefferies said Tata Motors is in the early phase of a multi-year turnaround led by a confluence of improved strategy. JLR has seen improvement sequentially as chip shortages ease, it said. Indian truck and personal vehicle demand, too, is recovering.

“Overall, the numbers and the return ratios are the best in class. So ROAs are at about 4.3% to 4.6% and ROEs are in excess of 20%. There’s still room for further upside in Bajaj Finance. ”

The company said its revenue from operations rose 1.25 per cent to Rs 9,022 crore from Rs 8,910 crore in the same quarter a year ago.

The counter fell to a low of Rs 1,051.30 as against the previous close of Rs 1,133.45 on the BSE.

Gold saw its best session in three months on Wednesday as a retreat in the dollar and geopolitical tensions surrounding Ukraine lifted safe-haven appeal, sparking a rally in precious metals.

Larsen & Toubro Infotech Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 117347.58 Crore) operating in IT Software sector.

The three independent directors – Kamlesh Shivji Viakmsey, Thomas Mathew T and Santosh B Nayar -- have flagged serious concerns on conduct on the management of the PFS India led by managing director and CEO Pawan Singh.

At 9.30 am, the BSE Sensex was trading 273.93 points or 0.46 per cent lower at 59,824.89. The NSE Nifty was trading 67.60 points or 0.38 per cent, lower at 17,870.80.

Digital transformation is well under way with large enterprises, while several others are accelerating the journey and many are jumping on board, Infosys CEO Salil Parekh says.

Another official said the companies are considering partnering with other central power sector entities for technical know-how to run the acquired projects.