The brokerage expects EBITDA margin to be in the range of 17-18% in the short to medium term, supportedby operating levers like utilisation improvement.

ICICI Lombard General Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 58969.88 Crore) operating in Financial Services sector.

ICICI Prudential Life Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 69452.02 Crore) operating in Financial Services sector.

Anand Rathi retains its FY24e/FY25e EBIT but lowers other income leading to a ~4% cut in EPS.

ICICI Lombard General Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 58729.28 Crore) operating in Financial Services sector.

Angel One, incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 10812.81 Crore) operating in Financial Services sector.

Metro Brands, incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 23705.49 Crore) operating in General sector.

UltraTech Cement, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 211541.41 Crore) operating in Cement sector.

Tata Consultancy Services, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1236173.92 Crore) operating in IT Software sector.

Tata Communications, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 39843.00 Crore) operating in Telecommunications sector.

Moving up as a follow through of a Hammer patternformation at the daily lower Bollinger Band.

Hindustan Unilever, incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 626870.95 Crore) operating in FMCG sector.

ICICI Prudential Life Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 69689.21 Crore) operating in Financial Services sector.

Maruti Suzuki India, incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 256144.26 Crore) operating in Auto sector.

The brokerage expects EBITDA margin of 12.9% (+90bp q-q) due to a higher mix of the higher-margin tractor segment, price hikes, cost control and lower commodity inflation.

Also, there is expected around 50bp q-o-q EBITDA margin improvement to 8.7% on operating leverage and pass-through of some of the input costs.

The brokerage has a BUY rating on HPCL on valuation grounds. OMCs are trading at attractive valuations. Optimism on OMCs will be contingent on crude sustaining below ~USD 80/bbl and the government giving them significant compensation for FY23 auto-fuel under recoveries.

Bharat Petroleum Corporation, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 75316.46 Crore) operating in Gas & Petroleum sector.

Federal Bank, incorporated in the year 1931, is a banking company (having a market cap of Rs 29670.00 Crore).

Ircon International, incorporated in the year 1976, is a Mid Cap company (having a market cap of Rs 5784.17 Crore) operating in Construction sector.