Leading brokerage firms have recommended buy and underweight ratings for various companies. Jefferies has maintained a buy rating with a target price of Rs 1100 for SBI Cards and Payment Services. JPMorgan downgraded Persistent Systems to underweight with a target of Rs 4100. Emkay recommends a buy rating on Karur Vysya Bank with a target price of Rs 165, while ICICIdirect recommends a buy call with a target price of Rs 200 on PCBL.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20