Ambit initiated a “Buy” rating on GMM Pfaudler with a 24-month target of ₹2,400, citing an 89% upside driven by end-user capex rebound and diversification strategies.
Gold loan stocks surged 2–7% after RBI raised the LTV ratio on loans under ₹2.5 lakh to 85%. Simplified norms reduce compliance burden, aiding lenders
The spike in Bajaj Finance shares came after the RBI slashed the repo rate by 50 bps and CRR by 100 bps, unlocking Rs 2.5
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