Sensex soars back to 60,000 and Nifty reclaimed 18000 in trade as bulls take early charge on Monday as the run-up to the Union Budget 2022-23 continues.
• Maruti: Biggest gainer on the Index as a strong launch line-up seems to be enthusing the market. Reports indicate India's biggest car maker has lined up more than half a dozen launches this year.
• Realty rises: Expectations of sops in the upcoming Union Budget is keeping real estate stocks buoyed. The industry has asked for an increase in homebuyers’ tax benefits limit from the FM
• KPIT Tech: This stock continues it's one way ride, up 10 times since it's pandemic lows. Goldman Sachs initiated coverage with a BUY and sees a 75% upside still in the stock.
Also Read: Budget 2022: From classification to taxes will cryptocurrency finally get clarity?
• Paytm: Trading already a record low , Macquarie continues ‘Underperform’ rating on the payments stock and cut its target price by 25% to Rs 900 apiece vs current price of ~ Rs 1200/share
• SBI Cards: Stock under pressure as Goldman Sachs initiates coverage with a Sell call on the stock with a target of Rs 695/share. This marks a 30% downside from current price.