L&T could remain a market leader; Bajaj Finance may see sell-on-news: Dipan Mehta

L&T could remain a stock market leader and outperformer, especially after the buyback, according to Dipan Mehta from Elixir Equities. Bajaj Finance is expected to have a solid quarter, but the stock price may not rally due to a sell-on-news syndrome, and the company faces new challenges such as Piramal Enterprises, Poonawalla Fincorp, and Jio Finance. Despite a historic earnings report, Delta Corp’s outlook is tricky with uncertainty surrounding the 28% levy on all gambling revenues.