CLSA maintained a buy rating on GAIL India with a target price of Rs 135. The big beat witnessed in September quarter results was led by gas trading. Trading profit rose nearly 3x our estimate driving a 76% PAT beat.
Post listing, Hyundai Motor India will launch the Creta EV and three more electric vehicles soon. The company aims for strong localization in Tamil Nadu
Chetan Ahya of Morgan Stanley discusses the current slowdown in India’s urban economy and predicts a recovery driven by increased government expenditure. He highlights signs
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