“Overall we expect markets to remain in a positive range. Stock-specific action will gather pace with the start of the earning season,” said Siddhartha Khemka, Head – Retail Research, Motilal Oswal.
Jefferies has cut its target price for KEI Industries by 11% to Rs 6,150, citing concerns over UltraTech Cement’s entry into wires and cables. The
Bernstein has named Paytm its top pick, citing strong merchant lending growth, operating leverage and potential UPI MDR as key earnings drivers. The brokerage has
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