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Ambareesh Baliga, Independent Market Expert

As of now, it’s all well because the gold prices are holding up. But the issue would be post the war, post the geopolitical issues getting sorted out, you could actually see gold prices correcting, and that’s when the issues will come up for the gold finance companies. So at this point, more of a trading bet than investment, because valuations are decently high. So I won’t buy fresh at this point of time. But for traders, I think it’s fine with a stop loss.

Dinshaw Irani, CEO, Helios Mutual Fund

On travel and tourism, we are very bullish.

In fact, we continue to probably add there also as and when we get an opportunity. I think it’s a short-term blip, given that domestic tourism itself is on the way up. And frankly, I mean the quality rooms that are available today, not only in the hospitality space, but also the hospital space. And that’s why  probably, these two sectors are somewhere we’ll be totally overweight on.

Rupee Ends At 91.47/$ Against Friday’s Close Of 90.98/$

Gaurang Shah, Sr.Vice President, Geojit Financial Services

Ola Electric has been an absolute wealth destroyer. I think the IPO is at ₹76. And from those levels, I think the stock went up to ₹130 or ₹150 and then a one way move downwards. In between, we saw the spike going to about ₹70. And then today, I believe it’s at a lifetime low. As a disclosure, while the IPO was there, we had given a subscribed recommendation from a long-term point of view.

But our sense currently, we don’t have any fundamental coverage on Ola Electric, and my sense is that it is better to be with a little bit stronger players, established players, who are into EV two wheelers as well as ICE two wheelers. Would prefer names like TVS Motor, Bajaj Auto, Hero Motocorp from a long-term point of view.

My sense is that Ola Electric has a very tall order and an uphill task, especially with the recent statements that the management has made of cutting down on stores. Complaints from consumers run into thousands and we’ve seen and heard incidences of customers putting their Ola Electric scooter on fire. It’s better to look at stronger names. I won’t give any specific comments, because we don’t have coverage, but prefer established players in this two-wheeler category.

Ashish Kyal, CMT, Author, Waves Strategy Advisors

I concur with Gaurang Shah’s view that the stock has not done anything, and it has been correcting from the levels of ₹70 now quoting below ₹25 as well. So, the overall trend is bearish.

I would suggest, to avoid being in the stock, or to average it, do not even think of doing that. It’s better to be diversifying from here. On the upside, the stock has a major hurdle, which is around ₹26. It needs to cross ₹26 for any kind of bottoming formation. Until then, it’s better to be out from here and invest in something like a Hero MotoCorp, or other two wheelers, or maybe Tata Motors at this level looks much better.

Gaurang Shah, Sr.Vice President, Geojit Financial Services

We have a positive coverage on Eternal from a long-term point of view. Approximate target I can put is about close to ₹350.

The entire shake up that we have seen because of the news flows of new entrants coming into food delivery/quick commerce, there is a little bit of choppiness and volatility. Street is worried about competition being at an elevated level, discounts, cutting into revenues, etc. But the number of dark stores that Eternal has opened for Blinkit and the number of dark stores they are lined up for the year 2026, and the future, our sense is that Eternal is a relatively established player.

Short-term, medium-term, ups and downs cannot be ruled out. But we believe that long-term, this is a good investment pick. So, hold on to it for a longer period of time, and that stock price is not far away from where the investor has invested, ₹250.

It’s trading at about ₹241. In case, if the stock prices go down because of the geopolitical turmoil that we are witnessing, then somewhere close to about ₹220-225 would be a decent level for fresh investments, as well as adding on to your existing investments in case, you got it at higher levels.

Ashish Kyal, CMT, Author, Waves Strategy Advisors

My suggestion would be hold. His buy price is pretty decent, because ₹250, the stock has been correcting from around ₹310 levels, and ₹250 looks very much near around where he bought.

Over short term, we are seeing some pressure, but I think eventually the stock should move back towards the level of around ₹300 on the upside. On the downside, the support for the stock is around ₹227 where stop loss can be maintained.

Dinshaw Irani, CEO, Helios Mutual Fund

Crude Prices Likely To Correct Post-War

Excited About New-age Companies

Continue To Hold Ather & Ola Despite Market Share Pressures

Bullish On Domestic Tourism & Hospitality

Ola Electric falls to a new 52-week low of ₹23.62

NMDC February Business Update – Production & Sales up 16% Each Year-on-year.

Stock trading at ₹81.16 apiece.

Safari Ind, RVNL, IREDA, IRFC, Page Ind, Swiggy, Suzlon, Inox Wind, are among few stocks that are trading at 52-week low today

Some operational units at the Ras Tanura oil refinery were shut down as a precautionary measure, but the supply of petroleum & its derivatives to local markets was not affected: Saudi Energy Ministry statement

Emcure Pharma | Signs Distribution Agmt With Roche To Strengthen Nephrology & Transplant Care In India

The shares of Sterlite Tech has surged over 7% today, surging to the 52-week high mark.

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The shares of Two-wheeler giant Hero Motorcorp is rising from the lows, as they remain just under 2% lower.

The shares of Eicher Motors are in focus after the company shares marked a recovery from the lows of the day, while remaining 2% lower.

Adani Enterprises is of the day’s lows and is currently just about 2% lower.

The shares of Jio Fin are trading with cuts of about 2.50%, rising from the lows of the day.

The shares of Hindalco has surged to close to 2% after emerging from lows.

Nifty 50 is back above 24,800

These stocks are off lows at the moment:

Hindalco

Jio Fin

Adani

Bajaj Auto

Eicher Motors

Total Sales Up 8.06% At 3,890 Units Vs 3,600 Units (YoY)

L&T, Reliance, HDFC Bank, M&M and ICICI Bank are the top contributors towards its downside.

A total of 45 of the 50 stocks are trading with losses.

Indian equities opened sharply lower on Monday as geopolitical tensions in West Asia escalated over the weekend, rattling global markets and pushing investors into risk-off mode.

The Nifty extended losses in early trade and slipped below the 24,700 mark, falling to its lowest level in a month as concerns over a widening Iran conflict weighed on sentiment.

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The Nifty 50 index, after falling towards 24,600, has managed a minor recovery of close to 200 points.

Dev Garg, Vice President Indian Rice Exporters Federation (IREF)

Top Five Markets For Basmati Rice Are Located In The Middle East

India Exports Rice Worth `27,000 Cr

Paras Defence’s stocks rise over 7%, trading at a lower level than the highs. The company has incorporated a subsidiary that is entering the semiconductor space.

The shares of Tejas Networks are off the day’s high but are up 8%, gaining for the 4th consecutive trading session.

After Israel and the US launched strikes on Iran over the weekend, geopolitical tensions in the Middle East worsened, causing the Karachi Stock Exchange index to drop to its lowest level ever on Monday, March 2.

As each company’s shareholder lock-in period expires this week, shares worth over ₹1,634 crore will be available for trading. Currently, three of these five firms are trading below their issue price.

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