In value terms, payment transactions carried out through credit cards increased by 47.3 percent.
Axis Securities maintained a "buy" rating on Ahluwalia Contracts India with a target price of Rs 650 per share on the back of strong financial performance and additional order worth Rs 2,500 crore expected to be secured.
This tightness in supply has been further accentuated by inventories reaching below 60,000 tonnes on the London Metal Exchange (LME), the lowest level seen since 2005.