"motilal-oswal-financial-services-mofsl"

Silver also jumped Rs 251 to Rs 69,035 per kg, from Rs 68,784 per kg in the previous trade.

According to MOFSL: "We prefer 4Ws over 2Ws, as PVs are the least impacted segment currently and offer a stable competitive environment."

Motilal Oswal report says the growth is expected to take place due to strong capital position and robust liability franchise.

"Cost inflation is also a concern in the near term as petcoke, coal, and diesel prices are up 71 per cent, 4 per cent, and 26 per cent YoY, respectively."