Deven Choksey of DRChoksey FinServ Pvt. Ltd. suggests a positive outlook for banking stocks, driven by falling interest rates and potential public sector bank consolidation. He favors engineering and R&D-focused IT companies like LTTS and Tata Elxsi, citing strong order inflows and profit margin growth.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000