The company is looking to extend its competitive edge. The current valuation asks for healthy growth, but there is margin pressure from a weak sales mix and high-cost inventory, the brokerage said.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader