Leading brokerage firms have given their recommendations on a range of Indian companies. Goldman Sachs has maintained a neutral rating on Nykaa due to concerns about profitability in the fashion segment. Macquarie has also maintained a neutral rating on Reliance Industries, stating that Jio earnings growth is set to lag Airtel India. Jefferies has a buy rating on Delhivery, anticipating medium-term e-commerce growth of around 15-20%. Meanwhile, CLSA has a buy rating on Hindalco, expecting low leverage and profitability growth, while UBS resumed its sell rating on Tata Motors due to concerns over its electric vehicle pipeline.
Sebi bans SME firm Varyaa Creations from securities market over IPO proceeds diversion
Markets regulator Sebi has restrained SME company Varyaa Creations Ltd (VCL) from accessing the securities market for alleged diversion of funds raised through its initial