IndusInd Bank shares rose up to 3.9% after Nomura upgraded the stock to ‘buy’ and raised its price target by 50% to Rs 1,050, citing improved governance, a cleaned-up balance sheet, and a stronger earnings outlook. The new target implies a 30% upside. Nomura also noted the bank’s efforts to resolve legacy issues and improve transparency.
BofA Securities initiates coverage on Groww with ‘buy’ rating; shares rally 4% to record high. Here’s what the brokerage said
Groww shares hit a new 52-week high. BofA Securities initiated coverage with a Buy rating. The brokerage sees strong growth potential for Groww. It expects