The technical outlook remains positive for Paytm, Azad Engineering, and Kotak Mahindra Bank, with all three stocks showing bullish chart structures and potential for further upside.
Kotak MF's Harsha Upadhyaya favours banking, manufacturing and healthcare, while remaining cautious on IT and advising investors against aggressive mid- and small-cap bets
Among large private banks, Goldman Sachs sees the strongest upside in ICICI Bank; Bernstein, meanwhile, rates ICICI Bank, Axis Bank, HDFC Bank and IndusInd Bank as 'Outperform.
HDFC Bank and Axis Bank were down 5 per cent each, while Yes Bank and Kotak Mahindra Bank from the Nifty Bank index were down 4 per cent each in intra-day deals on Monday.
Q1FY27 company results: Firms including ICICI Bank, Punjab National Bank, IDBI Bank, Yes Bank, Punjab & Sind Bank, Can Fin Homes, and JK Cement are also to release their April-June earnings today
Axis Bank posted the strongest growth in loans and deposits among large private banks in Q1FY27, while HDFC Bank and Kotak Mahindra Bank also reported healthy balance-sheet expansion
Stock declines over 3% after Ashok Vaswani says he will step down in December, with brokerages warning leadership succession uncertainty could weigh on sentiment
Nifty's 100-DEMA around 24,140-24,170 zone is an immediate hurdle; breakout above this can trigger a rally towards 24,500-24,600 levels, says Osho Krishan, technical and derivatives at Angel One.
Vaswani has said he will not seek re-appointment, and is stepping down for personal reasons; the bank has initiated the process of appointing a new MD&CEO
Apart from Kishore Biyani, who was chairman and managing director, other top executives of the company penalised by Sebi are former MD Rakesh Biyani and the ex-CFO CP Toshniwal
Stocks to Watch today, May 8, 2026: Britannia Industries, Hyundai Motor India, Bharat Forge, Hexaware Tech, and Titan Company are among the top stocks to watch today
Stocks to Watch today, May 4, 2026: Shares of Hero MotoCorp, Maruti Suzuki India, Hyundai Motor India, M&M, Tata Motors (PV and CV), and Eicher Motors will remain in focus following April sales data
Q4FY26 company results: Firms including Avenue Supermarts, APL Apollo Tubes, IKIO Technologies, and India Shelter Finance Corporation are also to release their January-March earnings today