Jefferies has initiated coverage on Belrise Industries with a ‘Buy’ rating and a target price of Rs 135, citing strong earnings growth potential backed by rising two-wheeler demand, product premiumisation, and the company’s expansion into four-wheeler and export markets.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.