Jefferies initiates coverage on Indian spirits firms United Spirits, Radico Khaitan, and Allied Blenders with “Buy” ratings, citing premiumisation as a key growth driver. Radico is the top pick, while Allied is called a “dark horse” with potential for a turnaround.
Oil climbs following renewed US, Iran strikes in Middle East
Oil prices saw an uptick as renewed US-Iran tensions in the Middle East disrupted shipping through the Strait of Hormuz. Despite reports of a potential