Amit Mudgill

Adani Green shares: The 12-month Bloomberg consensus target price for Adani Green Energy now stands at Rs 1,570.45, implying 24 per cent potential upside over Tuesday's closing price of Rs 1,265 apiece.

Sensex fell 808 points or 1.05 per cent to hit a low of 76,135.72. Nifty briefly declined below 23,800 to a low of 23,786.80. It was later trading at 23,827, still down 219.90 points or 0.91 per cent.

The foreign brokerage picked five stocks namely Siemens Energy Ltd, Hitachi Energy, Hindustan Aeronautics Ltd (HAL), KEI Industries Ltd and Larsen & Toubro Ltd, suggesting 25-51 per cent potential upside.

In the Nifty pack, MOFSL suggested stocks such as Bharti Airtel, ICICI Bank, SBI, Titan Company, Adani Enterprises Ltd (AEL), Mahindra & Mahindra Ltd (M&M), Bharat Electronics Ltd (BEL), Eternal Ltd and Hindalco.

One97 Communications Ltd led the rally, surging 49 per cent. During this period, the scrip hit a level Rs 1,732 earlier on August 26, the highest since its listing day fall on November 18, 2021.

Ramakarthikeyan will be relieved of his employment with the company and HTI, but will continue to be associated with Hexaware as a Senior Advisor from October 28 to support a smooth transition.

Ola had recently said it has received a sanction order from the Ministry of Heavy Industries for the release of incentives amounting to Rs 95.81 crore under the Production Linked Incentive Scheme.

CAS has particularly impacted high-frequency, proprietary arbitrage, index options scalping and delta-hedging strategies that depend on continuous order-flow visibility, analysts said.

ITC saw a 10 per cent cut in its FY27 earnings estimate, followed by Tata Steel at 7.6 per cent, Kotak Mahindra Bank at 6.8 per cent, Maruti Suzuki India at 6.1 per cent and AEL at 6 per cent.

For ICICI Bank, MOFSL suggested a target of Rs 1,750. The target for Kotak Mahindra Bank has been set at Rs 470. SBI target is set at Rs 1,370 and AU SFB at Rs 1,275.