Hot Stocks: Axis Capital upgrades Infosys; Investec reiterates sell on Wipro

December 11, 2024

Investec maintained a “Sell” rating on Wipro, foreseeing limited downside but improved capital allocation. Axis Capital upgraded Infosys to “ADD”, citing growth stability and efficiency gains. Goldman Sachs reiterated a “Sell” on D-Mart due to rising competition and market penetration limitations.

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Goldman Sachs acquired approximately 11 lakh shares of TD Power Systems in a block deal valued at Rs 50.30 crore, purchasing them at Rs 460

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Ashok Hinduja backs IndusInd Bank board amid fraud concerns, calls it a ‘new dawn’ for the lender

IndusInd International’s Ashok Hinduja backed the bank’s leadership after suspected internal fraud surfaced. He praised swift corrective action, regulatory compliance, and reaffirmed IIHL’s financial support.

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