The stock, which hit yet another 5% upper circuit on multiple block deals in the opening trade, had ended with 5% gains in previous two trading sessions.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise