Thu, Jan 21, 2021 5:20 PM
Wardwizard to unveil its electric bike plant on January 28
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Shares of Titan Company plunged 7.2% Monday after fourth-quarter results showed profitability is under pressure. Most analysts trimmed their price targets on the stock, but the forecasts still imply upside of 8-22% over Monday's closing price of ₹3,281. Analysts said rising gold prices could dent demand for Titan's products.
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Shares of Deepak Nitrite surged 4.8% after Morgan Stanley gave a 'double-upgrade' in its rating on the stock to overweight. The brokerage set a price target of ₹2,985 on the stock, implying an upside of about 16% over its Monday closing price of ₹2,560.5.The brokerage said Deepak Nitrite is in the midst of its largest investment cycle, transitioning into India's largest.
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Mumbai: Analysts at most top brokerages reduced or retained share price targets on Kotak Mahindra Bank after the company reported strong March quarter results. The stock jumped 5.02% to close at ₹1,624.4, emerging as the top gainer on the Sensex and Nifty on Monday. Analysts said despite the short-term challenges, the bank's valuations are attractive compared to its peers.
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