ITC’s Q4 results disappoint investors, shares drop nearly 1% to Rs 437.85. Brokerages raise target prices up to Rs 540. Citi sets target at Rs 515, warns of regulatory impact. Morgan Stanley targets Rs 506, CLSA at Rs 470. Motilal Oswal sees defensive potential, Kotak trims EPS, targets Rs 465. JM Financial holds highest target of Rs 540, emphasizes on cigarette volume growth and capital allocation strategy for rerating.
Sensex surges 600 points, Nifty above 24,350. 7 key factors behind today’s D-Street rally
Indian stock markets surged on Friday, with Sensex and Nifty climbing over 0.8% each. This rally was fueled by a calmer Middle East situation and