Top brokerage firms have released their recommendations for various companies. Morgan Stanley has maintained an overweight rating on Zomato, while CLSA has maintained a buy rating on Tata Motors and BofA Securities has upgraded Paytm to buy. Additionally, Morgan Stanley has initiated equal-weight ratings on HDFC AMC and Tata Steel, and has maintained an underweight rating on HPCL. Morgan Stanley expects sustainable share gain for Tata Motors in the PV segment and believes Paytm is well-positioned to dominate the SME merchant landscape, while the impact of SEBI paper is expected to be limited for HDFC AMC.
Buyback alert! GE Shipping shares rise 3% as firm set to repurchase shares at 16% premium
Great Eastern Shipping experienced a surge in its stock prices following the announcement of its inaugural share buyback scheme. The company has proposed to repurchase