Morgan Stanley has maintained an Equal weight’ stance on the Marico stock for a price target of Rs 553. In a note it said that the environment of no to low top-line growth persists which is a constraint on profitability in the general trade channel and remains an overhang for the FMCG sector as a whole.
The airline was forced to induct older planes due to grounding led by issues of Pratt & Whitney engines
“Banks led by State Bank of India had come in to support the reconstruction scheme. As per regulations, banks cannot remain invested in other banks,”
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