Brokerage firm ICICI Securities has upgraded hospitality company Indian Hotels from ‘hold’ to ‘buy’. The firm sees an upside potential of 21%, setting the target price at ₹640 per share. “With the stock price correcting ~10% in the last three months, we upgrade IHCL to BUY, from Hold, with a revised TP of INR 640 … Read more
Presently, India finds itself amidst a favourable convergence of macro and micro factors, including subdued inflation rates, stable crude oil prices, decreasing 10-year G-sec yields, a steady currency, and robust corporate earnings. In the short term, market movements will likely be influenced by two main factors: The results of the upcoming Lok Sabha elections scheduled … Read more
Investors betting on a further jump in the Tata Chemicals Ltd stock are in a spot after reports surfaced that Tata Sons Pvt. Ltd, the principal holding company of Tata Group, may restructure its balance sheet to avoid a mandatory listing by September next year. Such has been the frenzy surrounding the holding company’s potential … Read more