The improvement in the bank’s core RoA is expected to drive strong outperformance in the near to medium term.

Bosch, incorporated in the year 1951, is a Large Cap company (having a market cap of Rs 53203.72 Crore) operating in Auto Ancillaries sector.

With the recent price increase, there should be seen margins improving in the near term.

Voltamp Transformers, incorporated in the year 1967, is a Small Cap company (having a market cap of Rs 2724.14 Crore) operating in Power sector.

Eicher Motors, incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 82956.82 Crore) operating in Auto sector.

Escorts Kubota, incorporated in the year 1944, is a Mid Cap company (having a market cap of Rs 25412.42 Crore) operating in Auto sector.

Price sustaining above recent supply line breakout area and 20 days EMA signaling positive bias.

Balrampur Chini Mills, incorporated in the year 1975, is a Mid Cap company (having a market cap of Rs 8181.45 Crore) operating in Sugar sector.

Price in uptrend sustaining above the recent rangebreakout area and 20 days EMA.

Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 87189.17 Crore).

Ajanta Pharma, incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 15546.07 Crore) operating in Pharmaceuticals sector.

Indigo Paints, incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 4940.28 Crore) operating in Building Materials sector.

​Akzo Nobel India, incorporated in the year 1954, is a Mid Cap company (having a market cap of Rs 10541.90 Crore) operating in Building Materials sector.

Petronet LNG, incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 34125.00 Crore) operating in Gas & Petroleum sector.

Asian Paints, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 271146.03 Crore) operating in Building Materials sector.

Promoters held 75 per cent stake in the company as of 31-Dec-2022, while FIIs owned 11.11 per cent, DIIs 2.89 per cent.

Kansai Nerolac Paints, incorporated in the year 1920, is a Large Cap company (having a market cap of Rs 21766.97 Crore) operating in Building Materials sector.

Hindustan Aeronautics, incorporated in the year 1963, is a Large Cap company (having a market cap of Rs 96067.86 Crore) operating in Defence sector.

Sterling and Wilson Renewable Energy, incorporated in the year 2017, is a Mid Cap company (having a market cap of Rs 6343.35 Crore) operating in Engineering sector.

The brokerage continues to maintain REDUCE rating on TechM because it believe that the company has room for improving its digital capabilities and in order to revive growth it will have to invest in building digital capabilities.