JPMorgan retained Ashok Leyland as overweight with a target price of Rs 175 as the company reported yet another quarter of margin beat, and the management commentary on future market share, demand, and discounting trends will be essential. Goldman Sachs stayed neutral with a target price of Rs 3370 on Dixon Technologies after seeing the company beat its Q4 2021 Street expectations. HSBC upgraded Godrej Consumer to buy, citing its robust structural growth and tenable valuation. Lastly, Nomura sustained a buy rating on Ashok Leyland with a target price of Rs 184 post-March quarter results.
Dollar slides on easing trade tensions, Fed expectations
The dollar weakened due to Trump’s potential shift in tariff talks and expectations of Federal Reserve rate cuts. The euro reached a seven-week high. Sterling
June 12, 2025