Bajaj Finance received a buy rating from BofA Securities, with a target price of Rs 8700. The firm recorded strong growth in core asset under management and is on track to exceed its customer acquisition guidance. Avenue Supermarts was given an Equal-Weight rating by Morgan Stanley, with a target price of Rs 3786. Marico and Dabur India both received an overweight rating from Morgan Stanley, with target prices of Rs 611 and Rs 606 respectively. Morgan Stanley expects both companies to report improved year-on-year growth.
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