HSBC initiated buy coverage on Kalyan Jewellers with a target price of Rs 125. The global investment bank is of the view that expansion outside South India is key to unlocking value. Kalyan plans to aggressively build out its jewellery stores. Higher-margin markets outside its home base of South India.
Market Trading Guide: Tata Steel and Uno Minda are stock recommendations for Monday
Indian benchmark indices ended in the red on Thursday dragged by auto, IT and metal bank stocks. While Nifty closed at 22,397.20, down by 73.30