JPMorgan has downgraded Vedanta to neutral from overweight, while maintaining its underweight stance on Hindustan Zinc and overweight rating on Hindalco. Citi has also downgraded AU Small Finance Bank to neutral, while Macquarie has retained its underperform rating on Info Edge. JPMorgan has slashed the 12-month target price for Vedanta to INR 280 from INR 350, while maintaining its underweight rating on Hindalco with a target price of INR 205, and retained its overweight rating on Hindalco with a target price of INR 490.
5 world market themes for the week ahead
Global investors are uneasy due to Trump’s tariffs, which have sparked fears of a U.S. recession and disrupted markets. The tariffs have hit major trading