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“Whatever the government has done in the Budget for supporting investments is going to play out but they will have to raise the support through NREGA. They will also have to give some more subsidies as we go through the year because the growth tide will not lift all the boats. And unless all the boats lift, the broad basing of consumption will not happen.”

Shares of Hikal have dropped more than half of its value from its 52-week high of Rs 742 hit in August 2021. The scrip has plunged more than 25 per cent in the year 2022 so far.

Shares of Advani Hotels have almost doubled in the last year, whereas the scrip has jumped about 20 per cent in the last month as Covid cases decreased in the country.

The stock is undervalued, said ICICI Securities, which has a price target of Rs 563.

The Nifty Auto index was trading 0.51 per cent up at 11568.15.

A total of 16,080 shares changed hands on the counter till 10:56AM (IST)

“The Q3 numbers were very strong, the management’s commentaries were optimistic about strong Q4 earnings. As long as we have a full-fledged earnings story, I do not think there should be any problem for the Indian market. This year would be more stock specific and the way returns were last year, it would be difficult to make the same kind of return this year.”

“I would not recommend getting into the markets apart from the regular monthly investments that somebody might be making. Otherwise this is not a market to be indulged in at all. We had been more concerned over inflation and the Fed rate hikes and then all of a sudden this geopolitics came in.”

If the NYSE launches a new marketplace, it would compete with SuperRare, Rarible and NFT markeplace giant OpenSea, which was valued at $13.3 billion after its latest funding round.

Russia’s next military moves are under close watch worldwide as investors remain partially sceptical of a complete de-escalation in initial tensions, said CoinDCX Research Team.