Not only automobile makers, the equipment makers too, saw robust growth in the third quarter. Sona BLW reported a strong 39% YoY growth in revenue to Rs 685 crore, with battery electric vehicles accounting for 26% of the revenue.

This is not the first time that markets regulator Sebi has chosen to shorten the settlement cycle. Earlier in 2002, the capital markets regulator had cut the number of days in the settlement cycle from T+5 days to T+3 days, and then in 2003, it was reduced to T+2 days.

New model launches, healthy order book and commodity/operating leverage tailwinds will further support strong performance going ahead," said JM Financial in a client note. The brokerage values the stock at 25 times its one-year forward price-to-earnings as it raised the price target.

TVS Motors registered total two-wheeler sales of 8.36 lakh units in December 2022 quarter against 8.35 lakh units in the year-ago quarter. Two-wheeler export sales were registered at 2.07 lakh units against 2.53 lakh units in December 2021.

Sona BLW Precision Forgings, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 26472.10 Crore) operating in Auto Ancillaries sector.

"The relaunch of the loyalty programme is important due to growing concerns on sequential growth in Zomatos food delivery business and the high likelihood of the company having lost some market share to Swiggy in recent quarters as the latter had continued to run its loyalty programme, especially when ‘Pro Plus was absent," the brokerage firm JM Financial said.

HDFC Asset Management Company, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 41439.46 Crore) operating in Financial Services sector.

With expected pick-up in rural sales, robust premium productportfolio and recovery in export demand, TVSL is one of the brokerage's top picks in the 2W space.

Macrotech Developers, incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 51669.61 Crore) operating in Real Estate sector.

Canara Bank, incorporated in the year 1906, is a banking company (having a market cap of Rs 55993.13 Crore).

Maruti Suzuki India, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 264622.13 Crore) operating in Auto sector.

"Transformation is in the right direction...We expect the discount to larger private sector peers to narrow as Axis Bank starts reporting strong operating performance on a more sustainable basis," JM Financial said in a client note.

Route Mobile's EBITDA improved to Rs 128.3 crore in Q3 FY23, recording a growth of 66.19% YoY and 17.28% QoQ. EBITDA margin de-grew to 13% in Q3 FY23 as against 13.7% posted in Q3 FY22.Meanwhile, the company said that the board of directors in its meeting to be held on Thursday, 26 January 2023 will consider a second interim dividend, if any, for the financial year 2022-23.

ET had reported in November 2021 that SAMHI was in talks with distressed assets investor Cerberus Capital to raise Rs 1,000 crore in structured debt. The proceeds would have been used to repay the companys existing loans. At that time, SAMHI had a consolidated debt of about Rs 2,200 crore.

The company plans to use the proceeds from the fresh issue to repay outstanding loans availed by it and its subsidiary Avalon Technology and Services Pvt Ltd, and also to meet working capital requirements

Motilal Oswal said operating performance was in line with expectations and that "royalty increase was not a concern". Recovery in rural demand and commodity cost reductions will help HUL get back to the mid-to-high teens earnings growth trajectory that it exhibited for the four years before Covid, the brokerage firm said.

Service delivery based on transparency, cost efficiency, cutting-edge technology, and value adds like global opportunities, estate planning, business advisory, art, philanthropy and social impact investing has become the need of the hour.

The company's performance with regard to outstanding restructured assets, write-offs have been relatively better than peers and the brokerage expects the same to sustain given its stringent underwriting practices.

Global Health, incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 11970.43 Crore) operating in General sector.

According to the draft papers, the public issue with a face value of Rs 5 per equity share consists of a complete fresh issue of shares of Rs 750 crore with no offer-for-sale component.Of the proceeds from its fresh issuance, Rs 400 crore will be utilised for prepayment/repayment of all or a portion of outstanding borrowings availed by the company, and Rs 200 crore will be used to fund working capital requirements and general corporate purposes.

​Bank Nifty also remains an index which is continuously hitting lower, higher lows and now there is a chance that we should see a breakout happening anytime soon.

The brokerage values the company at 1.8x FY25E EV to arrive at its target price of Rs 600.

JM Financial expects stock to rerate upwards aided by steady delivery on growth and return metrics.

Promoters held 62.94 per cent stake in the company as of 31-Dec-2022, while FIIs owned 4.15 per cent, DIIs 15.45 per cent.

Bharti Airtel, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 452650.93 Crore) operating in Telecommunications sector.

The company will offer partly paid shares to retail investors at a discount of ₹64 apiece to the issue price. Investors must pay 50% of the offer price at the time of placing bids in the FPO, and the remaining 50% on one or more subsequent calls, as decided by the board.

Innova Captab is an integrated pharmaceutical company in India with a presence across the value of the pharmaceutical chain including research and development, manufacturing, drug distribution and marketing, and exports. The company filed preliminary IPO papers with Sebi on July 07, 2022.

Bharat Petroleum Corporation, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 75316.46 Crore) operating in Gas & Petroleum sector.

The brokerage has a BUY rating on HPCL on valuation grounds. OMCs are trading at attractive valuations. Optimism on OMCs will be contingent on crude sustaining below ~USD 80/bbl and the government giving them significant compensation for FY23 auto-fuel under recoveries.

The FPO could result in the stakes of promoters led by Gautam Adani falling by 3.5%. As of September 2022, the promoters owned 72.63% of Adani Enterprises, while the remaining 27.37% was with public shareholders. Life Insurance Corporation held 4.03% among the public shareholders, while Nomura Singapore, APMS Investment Fund, Elara India Opportunities Fund, and Lts Investment Fund owned stakes between 1% and 2%.

The global brokerage has an outperform rating on the stock with a target price of Rs 2,200. The biggest positives were continued growth in deposits of 20% (vs system of 10%) and a sharp increase in branch count.

Wipro, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 217940.57 Crore) operating in IT Software sector.

Promoters held 74.99 per cent stake in the company as of 31-Dec-2022, while FIIs owned 8.59 per cent, DIIs 7.06 per cent.

Promoters held 25.73 per cent stake in the company as of 30-Jun-2022, while FIIs owned 40.26 per cent, DIIs 19.16 per cent.

In Q3, DMart missed estimates by reporting a revenue growth of 25.5%. Its PAT (profit after tax) grew 7% YoY as weak discretionary demand pulled down same store sales growth. Its gross margins declined 60 basis points YoY and 20 basis points QoQ to 14.3%.

​ "Since yields have eased slightly, companies are going aggressive in their fundraising exercise, and also they would not want to keep a larger chunk towards the end of the fiscal as liquidity is likely to tighten," said Ajay Manglunia, managing director and head of investment grade group at JM Financial.

The company, ICICI Securities and JM Financial, did not respond to ET's queries. In 2018, Oman India Joint Investment Fund invested $24 million or ₹170 crore in the company for a 26% stake.

I think probably traders are thinking that the Bank Nifty maybe an underperformer which is still not so true because I would say banks have led this rally on the way up and it is just a bit of consolidation, time-based correction or some may call it a distribution as well.

HCL Tech, shares of which have lost over 21% in the last year amid the worldwide tech crash, will announce its Q3 numbers post market trading hours on Thursday. The company's shares ended 0.6% lower at Rs 1,058.80 on Wednesday.

The brokerage reiterate BUY on Oil India (TP INR 260) given strong dividend play and also because CMP is discounting only ~USD 50/bbl net crude realisation.

Promoters held 58.89 per cent stake in the company as of 30-Sep-2022, while FIIs owned 9.97 per cent, DIIs 18.52 per cent.

The brokerage maintains BUY on RIL (TP of INR 2,950) given RILs industry leading capabilities across businesses and expectation of strong 14-15% EPS CAGR over the next 3-5 years.

Gujarat Gas, incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 33380.04 Crore) operating in Gas & Petroleum sector.

Indraprastha Gas, incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 29823.53 Crore) operating in Gas & Petroleum sector.

Adani Enterprises late November announced the initiation of a much-awaited follow-on public offer (FPO) to raise as much as ₹20,000 crore ($2.5 billion) from retail and institutional investors, riding piggyback on the meteoric 18-fold jump in its stock prices in the last five years. This will be the largest such issuance in India to date.

Before the Dec-14th Fed meet, with two back to back inflation readings surprising positively, markets began to price in a bullish Fed pivot – growth supportive vs inflation fighting - for 2023. Widely broadcasted speech of Chair Powell in Nov-22 indicating a downshift

Amid concerns around margins and growth outlook, at least 3 IT stocks - Wipro, LTIMindtree and Tech Mahindra - are down over 40% in the last one year period. All the remaining ones have also seen double-digit losses.

The benchmark Brent crude contract was down 1.9% on the day, after dropping 4.4% on Tuesday, pressured by weak demand data from China and a gloomy economic outlook. U.S. 10-year Treasury yields fell on Tuesday, after rising for the last two weeks. It was at 3.70%, down 13 basis points this week.

We may not see any issuance for the next two weeks, as corporates will not be able to use these funds before filing the form, and hence they may avoid borrowing the same," said Ajay Manglunia, managing director and head of investment grade group at JM Financial.

SRF, incorporated in the year 1970, is a Large Cap company (having a market cap of Rs 67436.65 Crore) operating in Diversified sector.