Goldman Sachs maintained a buy rating on M&M with a target price of Rs 1640. The global investment bank raised FY23/ FY25 EPS estimates by up to 4%. It expects investor focus to be on the company’s plans for capacity expansion.
Das said the BFSI sector has a crucial role to play in India’s journey from a lower-middle-income economy to a high-income economy, through its intermediation
Credit growth is projected to ease to 15-16% for FY27, impacted by hardening policy rates. Fresh slippages for public sector banks are estimated to increase
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