Citi upgrades Reliance Industries rating to ‘Buy,’ raises target price to Rs 1,530
Reliance Industries Ltdβs shares surged as much as 3% on Monday to Rs 1302.7 on BSE, after Citi upgraded the stock to a “Buy” rating, increasing its target price to Rs 1,530, citing favourable risk-reward dynamics after a 20% underperformance against the broader Indian market over the last six months. Citiβs latest report highlights an…
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Nomura, Macquarie initiate coverage on Hyundai Motor on listing day, signal up to 26% return
Hyundai Motor India, which is set to debut on the bourses today, has earned 2 positive ratings from global brokerage firms Nomura and Macquarie as they have initiated coverage on the stock with the target price going as high as Rs 2,472. The stock has earned a buy rating with a target price of Rs…
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Nomura initiates coverage on Aditya Birla Real Estate, predicts 30% upside on strong growth outlook
Backed by long-term strong growth visibility, the shares of Aditya Birla Real Estate (ABREL) may go up 30% predicted global brokerage firm Nomura while initiating coverage on the stock with a βbuyβ rating and a target price of Rs 3,700. Nomura believes that ABREL has all the qualities to rank among top 5 real estate…
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Power Grid shares surge 4.5% on Goldman Sachs positive outlook
Shares of Power Grid surged by 4.5% on the BSE to a new all-time high of Rs 366.20 after the global brokerage firm Goldman Sachs showed its optimism about the stock, setting a target price of Rs 370 with a buy rating.The government has upgraded the transmission capex estimate to $110 billion. An 8%+ transformation…
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