Motilal Oswal has reiterated a ‘Buy’ rating on One 97 Communications stock, with a price target of Rs 1,050. The brokerage believes the stock has the potential for gains of over 21% from current levels. Motilal Oswal highlights the fintech company’s strong business momentum and ability to maintain a high-quality loan portfolio as key factors for its positive outlook. The recommendation follows BofA Securities’ ‘Buy’ rating on the stock with a price target of Rs 1,020. The stock fell nearly 2% on Monday due to profit booking.
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