Brokerage maintained ‘neutral’ rating on Mindtree due to its fair valuations , softness in retail and constraints on management bandwidth because of its impending merger with L&T Infotech
India’s recent smallcap surge indicates that less stock is outpacing the benchmark index, revealing a narrowing group of successful stocks boosting overall returns. Conversely, largecap
Bernstein has retained an Outperform rating on Power Finance Corporation (PFC) and REC but cut its target prices and loan-growth estimates, citing stronger competition from
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