The brokerage has remained positive on the stock but said a re-rating looks unlikely given premium valuations and likely disruption due to the entry of a large player. It has an accumulate rating on the stock with a target price of Rs 3326.
US stocks: US market falls as higher oil prices, Treasury yields weigh
US stocks declined on concerns over rising oil prices and higher Treasury yields affecting the market. Investors are cautious due to uncertainty surrounding a potential