JPMorgan has initiated coverage on Mankind Pharma, with an overweight rating and a target price of Rs 1,730. Goldman Sachs has reiterated its sell rating on Coal India with a target price of Rs 180, while maintaining its neutral rating on HUL with a target price of Rs 2,750. CLSA reiterated its buy call on Tata Motors with a target price of Rs 624. However, it initiated coverage on Hero MotoCorp, downgrading it to sell with a target price of Rs 2,708, citing a highly competitive premium segment and challenging market share gains.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20