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"Earnings are supporting the market momentum. The optimism on recovery from the pandemic is key and we are looking at sector rotation."
The scrip traded 15% up at Rs 483.90 in the early trade on Wednesday, while the benchmark BSE Sensex was up 241 points, or 0.40%, at 60,525.
"The market momentum continues to surprise us continuously and perhaps the Nifty could touch even 20,000 at this pace by Diwali"
Infosys, Mindtree and Wipro will announce their quarterly results today.
The government data also showed that the Index of Industrial Production has risen 11.9% year-on-year for the month of August as against 11.5% in July.
India's retail inflation eased again in September, government data showed on Tuesday.
Milan Vaishnav of Gemstone Equity Research and Advisory is positive on Bank of Baroda with a target price of Rs 96
Rahul Shah of Motilal Oswal Financial Services spoke to Money9 on what to expect from markets going forward
Alkeon Capital and funds managed by Morgan Stanley and Goldman Sachs keen on $2.2-billion initial offer
ICICI Securities projected that the revenue of IEX may increase by 30.80% CAGR to Rs 712 crore by FY24.