Tue, Mar 19, 2024 5:54 PM
Popular Vehicles and Services shares close 6% down on debut day
A Flip by Shubhangi Gupta
Motilal Oswal Financial Services has reiterated its 'Buy' recommendation on Raymond Lifestyle Ltd., maintaining a target price of Rs 3,000 per share, driven by a positive demand environment and growth prospects, with expectations of 12-14% revenue growth and 15-18% increase in EBITDA and PAT in the medium term.
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Anand Shah, Head of PMS and AIF Investments at ICICI Prudential AMC, predicts a cautious 2025 for the Indian market, with slower earnings growth due to global and domestic slowdowns, but remains optimistic about the banking, manufacturing, and select consumption sectors, such as telecom, airlines, and healthcare.
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Dalal Street's midcap and smallcap stocks gave high returns in 2024. Strong domestic consumption, government policies, and impressive retail participation boosted these indices. While the Sensex showed moderate growth, smaller stocks thrived. Experts are optimistic about midcaps and small-caps in 2025, anticipating continued government support and economic recovery.
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