Morgan Stanley maintained its overweight stance on Maruti Suzuki with a target of Rs 10,483. The global investment bank believes that the share price will rise relative to the country index over the next 30 days.
HDFC Bank reduced its lending rates by five basis points across maturities. Bank of Baroda will increase its three-month lending rate by ten basis points.
State Bank of India shares faced a 2.2 percent decline on Monday, despite surpassing analysts’ expectations for their June-quarter earnings. Most brokerages expressed continued optimism
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