Jefferies and Morgan Stanley have released their recommendations on various companies. Jefferies maintained a buy rating and a target price of Rs 1550 on IndusInd Bank. Meanwhile, Morgan Stanley maintained its overweight stance and target price of Rs 125 on Bank of India. For Britannia Industries, Morgan Stanley suggested buying with a target price of Rs 5300, while Jefferies gave a buy rating on the firm’s shares. However, it remained underweight on Aditya Birla Fashion with a target price of Rs 195, despite the lower-than-anticipated balance sheet impact.
Brand Concepts bulk deal: Ashish Kacholia exits microcap as stock price erodes 36% in a year
Ashish Kacholia sold his entire 1.44% stake in Brand Concepts via a bulk deal worth ₹3.9 crore. The sale follows weak microcap performance, with the