Indian government bonds saw little movement on Monday. The benchmark 10-year yield stayed within a tight range. However, demand for longer-term bonds weakened, causing their yields to rise. Traders noted that the Rupee’s performance and liquidity are now key factors influencing the market. The focus is on the Rupee’s potential impact on the Reserve Bank of India’s upcoming policy decisions.
Vedanta Aluminium at earnings inflection point? Here’s why Motilal Oswal sees 21% upside
Motilal Oswal has reiterated its Buy rating on Vedanta Aluminium Metal with a target price of Rs 540, implying 21% upside. The brokerage expects EBITDA