In the case of ONGC, the stock traded at a PE of 4.5 times against a 10-year average of 8 times. At Tuesday's close, the scrip needed a 56 per cent rally to revisit its all-time high of Rs 314.67 hit in June 2014.
Tata Steel, JSPL: CLSA said Chinese steel spreads have corrected to $100 per tonne, the lowest in at least the past 15 years, driven by a recent uptick in iron ore and coal prices.
HDFC Bank, Tata Motors, JSW Steel, ICICI Bank, Maruti Suzuki, Mahindra & Mahindra, State Bank of India, Coal India, Ultratech Cement, Eicher Motors, Hero MotoCorp, Cipla & Bajaj Auto, delivered higher-than-estimated earnings.