The Gujarat-based Venus Pipes & Tubes is a manufacturer and exporter of stainless steel pipes and tubes. It has one manufacturing plant located at Dhaneti (Kutch) with an installed capacity of 10,800 MT per annum.

Airtel shares, though, were marginally down 0.76% at Rs 702.20 in Wednesday morning trade, after initially jumping nearly 3% a day after the telco beat estimates with an almost 164% on-year rise in consolidated net profit for the fiscal fourth quarter, driven by sharp tariff hikes taken by its India mobile business last November, which helped boost average revenue per user (ARPU), strong user additions, and one-time gains.

The subscriber addition by Airtel, though, was lower than the historical average of 80 lakh to 1 crore, possibly due to the tariff hikes, Motilal Oswal said.

Analysts said margins for the quarter fell mainly due to higher freight costs as they offered a favorable view on the stock with price targets in Rs 750-916 range, suggesting a 6-29 per cent potential upside on the counter. Sharda Cropchem deals in two segments - agrochemical and non-agrochemical.

Cryptos tracked equity markets to log muted gains following encouraging US retail spending and industrial production reports. Barring the US Dollar pegged stablecoins, all the tokens were trading lower on Wednesday. Polkadot dropped 4 per cent, followed by a 2 per cent fall in Bitcoin, Cardano and Avalanche each.

MCX’ share price has grown by ~44% over the past three years (from Rs 827 in May 2019 to Rs 1212 levels in May 2022). Being a market leader in commodities exchange and a beneficiary of increase in option volume, the brokerage maintains BUY rating on the stock.

Typically, a weaker rupee does not bode well for domestic equity or debt markets as foreign portfolio investors’ returns from Indian assets reduce, prompting them to exit such investments.

“I do not see LIC as a huge outperformer anytime in the future. So people who want stable, maybe good dividend paying companies may want to have LIC in the portfolio. But for people who are looking for growth, LIC may not be the most optimum choice for them in my opinion.”

In the spot market, highest purity gold was sold at Rs 50,593 per 10 grams while silver was priced at Rs 61,302 per kg on Tuesday, according to the Indian Bullion and Jewellers Association.

Chavan said the 16,100-16,000 range has now become sacrosanct support for Nifty50 and till the time it does not slide below it, traders can use declines to buy into.