To be sure, market participants believe the Reserve Bank of India (RBI) is unlikely to let the rupee appreciate much amid rising foreign fund inflows. India’s prospects as a destination for global money are brightening as investors such as Tiger Global are reportedly pulling out of China.
Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing