With two-wheeler valuations and momentum already stretched in the near term, Agarwal sees room for a rotation into passenger vehicle names. “From here, I think four-wheelers can catch up,” he said, signaling a tactical shift within the broader auto pack.
His message to investors is clear: HDFC Bank stock may be in pain, but the technical setup still argues for patience.
Stocks such as Asian Paints, Infosys, HCL Technologies, Bharti Airtel, TCS, HUL and IndiGo led the losers on Sensex, falling up to 2.40%.
BEL stock remained technically weak in the short term, forming lower highs and a bearish descending triangle. Analysts suggest holding above Rs 382.
Brokerage Bernstein revised its target prices for Adani Ports, Adani Power, Ambuja Cement and Adani Green. The changes reflect stronger port volumes, fresh capacity assumptions and updated tariff and financing estimates.
Upadhyay said Castrol India is “looking slightly positive” technically and continued to trade above a rising trendline support, an important marker for traders assessing whether momentum remains intact.
The multibagger stock rose 4% to high of Rs 1977.35 against the previous close of Rs 1897. Market cap of the firm stood at Rs 12,326 crore.
Brokerage Nuvama Institutional Equities lowered its stance on BSE to "hold" from "buy". It also cut its target price on the stock by 21% to Rs 3,240.
Anand Rathi said First Quantum Minerals, Ivanhoe and Southern Copper stand out among global majors with sector-leading forward EV/Ebitda multiples of 14.6 times, 13 times and 14.4 times, respectively.
Nomura suggested a target of Rs 1,300 on Jindal Steel, Rs 1,400 on JSW Steel and Rs 240 on Tata Steel.
Optical fibre cable was the key outperformer, with revenue rising 115 per cent and EBIT jumping 631 per cent. Nuvama attributed this to strong hyperscaler, artificial intelligence and data-centre capital expenditure.
ITC share: With today's fall, ITC stock has slipped 43% in two years and and 26% in 2026. In the previous session, the FMCG stock fell to a fresh 52-week low of Rs 273.
FY27 revenue growth for the majority of large-cap IT companies could undershoot FY26 growth, with three out of five companies having cut full-year guidance in June 2026, ICICI Securities said.
Bharat Electronics Limited (BEL) supplies critical electronic systems, thermal imagers, and fire control systems for armored vehicles such as T-72, T-90 and BMP-II.
TCS shares: Kotak said the IT sector has been reduced to the antithesis of AI theme. The sector may see high bouts of volatility. Kotak is not convinced that their ‘reasonable’ valuations is reflecting structural challenges.
Ambit Capital initiated coverage on Vedanta Aluminium Metals with a 'Sell' recommendation and a target price of Rs 370, implying a 16 per cent downside from Monday's closing price.
JM Financial said the trend component is positive with the stock's trailing 30-day downward price move of 7.23 per cent in the wake of profit booking following Q1FY27 results.
Indo-MIM stock hit a record high of Rs 951.30 against the previous close of Rs 864.85 on BSE. Market cap of the firm rose to Rs 47,039 crore.
Data released after market hours showed Halwasiya buying 45 lakh shares in the listed firm at Rs 362 apiece, taking the total transaction value to Rs 162.90 crore.
Milky Mist Dairy Food sold its shares in the price band of Rs 133-140 apiece, applied for a minimum of 107 shares and its multiples to raise Rs 1,553 crore between August 11-13.
Multibagger stock turned ex-split today, with the stock price adjusted after the 1:2 split. Check the adjusted share price, record date, returns and broker views.
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