Motilal Oswal downgraded the stock to neutral with a target price of Rs 7,800 saying that the management’s guidance for FY25 is below its long-term guidance on multiple metrics such as AUM growth, credit costs, RoA, and RoE.
Around nine equity mutual funds are down by more than 15% from their respective 52-week high NAV.
Gold prices jumped Rs 350 to Rs 79,200 per 10 grams in the national capital on Friday on the back of continued buying by jewellers
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