Axis Securities said that IndusInd Bank has decisively surpassed multiple resistance zones at the Rs 895 levels on a closing basis on the daily charts.
ICICI Securities maintained a 'Buy' rating on the stock and revised its target price marginally lower to Rs 1,725 from Rs 1,775, based on a discounted cash flow valuation.
Religare Broking said it maintains a "positive yet cautious outlook" on the index and advised traders to adopt a buy-on-dips strategy while tracking banking and IT majors for further cues.
An analyst from Master Capital said that IDFC First Bank has registered a decisive breakout from a rectangle pattern on the daily timeframe, reaffirming continuation of the broader uptrend.
Blue Star Ltd surged 8.77 per cent to Rs 1,940.60. Amber Enterprises India shares climbed 8.74 per cent to Rs 7,495. Voltas advanced 5.98 per cent to Rs 1,351.45. Havells India Ltd jumped 4.18 per cent to Rs 1,541.15.
Havells India posted a strong beat on all counts in Q4FY25, while HCL Technologies' March quarter results were largely in line with Street expectations, Nuvama Institutional Equities said in results review notes.
Shares of select wires and cable companies including Polycab India, Havells India, RR Kabel and KEI Industries tumbled as much as 9 per cent during Thursday's trade.
UltraTech Cement shares plunged 5.07 per cent to hit a low of Rs 10,411.90 today. Polycab India, Havells India and KEI Industries tumbled 9-10 per cent.
BNP Paribas India sees 10-36 per cent upside on six stocks. They include Whirlpool of India (target: Rs 1,310, 36 per cent upside), Crompton (target: Rs 435, 32 per cent upside) and Orient Electric (target: Rs 275, 30 per cent upside).
Havells stock climbed 3.89% to Rs 1617.95 on BSE today. Market cap of the firm stood at Rs 98,530 crore.
A number of stocks like Reliance Industries, Infosys, LTIMindtree, Axis Bank and Havells India are set to announce their results for the quarter and nine-months ended on December 31, 2024.
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