IndusInd Bank’s stock witnessed a significant rise. This followed an upgrade by Nomura from ‘Neutral’ to ‘Buy’. The upgrade comes after the bank faced accounting discrepancies. Nomura’s target price suggests a substantial upside. The firm acknowledged the bank’s commitment to improved governance. RBI’s recognition of recovery efforts also boosted confidence.
Tata Steel Q1 updates: India production flat YoY at 5.26 million tons on plant shutdowns
Tata Steel India’s crude steel output remained flat at 5.26 million tons in Q1FY26, while deliveries fell 4% YoY due to maintenance shutdowns at Jamshedpur