Jefferies has initiated coverage on Belrise Industries with a ‘Buy’ rating and a target price of Rs 135, citing strong earnings growth potential backed by rising two-wheeler demand, product premiumisation, and the company’s expansion into four-wheeler and export markets.
RBI draft for upper layer non-banks affects CICs disproportionately, raises compliances costs
New Reserve Bank draft on upper layer non-bank finance companies disproportionately impacts core investment companies by increasing compliance costs. Mandatory listing requirements could prove onerous