A day after Reliance Industries (RIL) shares fell 4.4%, wiping out Rs 94,000 crore in market value, Jefferies raised its 12-month price target to Rs 1,830, maintaining a Buy rating. The brokerage cited a potential Jio tariff hike and an IPO of the telecom arm as key triggers for the conglomerate’s next re‑rating, implying roughly 21% upside.
Cochin Shipyard Q3 Results: Cons PAT falls 18% YoY, revenue up 18%. Rs 3.50/share dividend announced
Cochin Shipyard reported an 18% YoY decline in Q3 net profit, while revenue rose 18%. Sequential profit and revenue growth, an interim dividend, and global