Global brokerage firms have shared optimistic outlooks on key stocks. Nomura remains bullish on Hero MotoCorp, citing rural growth, while Citi maintains a positive view on Grasim Industries despite a weak Q2. CLSA continues to favor Crompton Greaves Consumer Electricals for its sustained growth and margin improvement, with all three stocks showing significant upside potential.
LTIMindtree, Wipro, and other IT stocks crack up to 5% amid Powell’s indication of slower rate cuts
IT stocks came under pressure on Monday after US Federal Chair Jerome Powell’s comments suggesting a slowdown in interest rate cuts. Powell highlighted persistent inflation