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Chandan Taparia of Motilal Oswal Financial Services is positive on MTAR Technologies with a target price of Rs 1,530.
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PowerGrid, falling about 3%, was the top Sensex loser followed by Asian Paints, Axis Bank, Kotak Bank, Bajaj Auto, SBI and M&M
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Sensex closed at 59,126.36, down 286.91 points or 0.48%, while Nifty dropped 93.15 points or 0.53% to 17,618.15
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Robust liquidity, positive global cues, the rapid pace of vaccination, better-than-expected Q1 earnings and fall in Covid cases supported sentiment.
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Gartner’s estimates that outsourced IT services spend are likely to grow at an 8.6% CAGR over 2020-25.
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"Markets have had a one way rally so far but these volatile signs may indicate some consolidation coming up"
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Birla Corporation rose 6% to Rs 1,438.80, following the company's plan to scale up production to 30 million tonnes.
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With Rs 1,54,300 crore, Radhakishan Damani of Avenue Supermarts, retained the seventh position in the IIFL Wealth Hurun India Rich List 2021.
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IOB jumped 12.93% to Rs 23.15 apiece after the RBI decided to remove the public sector bank from the PCA framework
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Of late, the initial public offer of Paras Defence and Space Technologies was subscribed 304.26 times.
