L&T’s shares rose 2% to Rs 3,555 after JP Morgan gave an ‘overweight’ rating and set a target price of Rs 4,360. JP Morgan believes L&T is well-positioned for growth in India and the Middle East. The company reported strong earnings growth and an increase in revenue in Q1 FY24.
As rupee slides, RBI weighs securities threat on Bond Street
Officials from RBI’s Financial Markets Regulation Department (FMRD) have informally spoken to banks, particularly foreign lenders, to gauge unwinding of overseas trading positions in Indian