Equity markets in India closed slightly higher due to late buying. Realty index rose 1.10% and FMCG increased by 0.69%. On the contrary, metal, commodities, energy and financial services were the top laggards. HDFC Bank shares have corrected by nearly 5%, and the medium-term chart structure remains bullish. Chalet Hotels rallied over 15%, reaching its all-time high of INR450. Voltas shares, after a short-term correction, consolidated in the range of INR795 to INR810.
Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing