Brokerages initiated coverage on three Indian companies with positive ratings. Kirloskar Oil Engines has a price target implying a twenty-four percent upside. APL Apollo Tubes is seen as a strong play in building materials. Union Bank of India offers a sixteen percent potential return. These recommendations suggest significant future growth prospects for the firms.
Corporates rush to raise over Rs 17,000 crore as yields ease
Corporate debt issuances have seen significant growth as many companies seek to capitalize on favorable borrowing conditions. The aggregate debt proposed to be raised this