Edelweiss said the stock has the potential to return 30-40% in the next 7 to 12 months after receiving the in-principle – albeit conditional – nod from India’s anti-trust regulator for the merger with Sony. The brokerage has raised its price target on the stock to ₹390 from ₹370.
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