Morgan Stanley maintained an underweight rating on L&T Finance with a target price of Rs 110. The retail loan book continued to scale in Q2, and the disbursements remained robust. Retailization of loan book and retail loan book growth continues to be on track.
India VIX was up by 2.95% from 11.50 to 11.78 levels in the previous trading session. Volatility was slightly on the rise and made the market move in a choppy manner with the absence of strength to the bulls.
Multibagger stock: PNB shares, which closed at Rs 34.85 on September 28, 2022 ended at Rs 79.63 on Thursday, clocking 128.49% returns during the period.
HDFC Bank, as per Nuvama Institutional Equities, is expected to see highest inflows at $89 million. Power Grid ($64 million), Shriram Finance ($59 million) and Trent ($54 million) are a few other stocks likely to see inflows.