The Reserve Bank of India (RBI) may reduce interest rates as there is a now a strong case for easing of repo rate policy, Department of Economic Affairs Secretary Arvind Mayaram said.
Aluminium settled -1.65% down at 109.20 as appetite for growth-linked assets weakened amid fears over the outlook for the global economy, while uncertainty over the timing of a Spanish bailout lingered. Also trading was low as reacting to currency movements in holiday-thinned trading, trading was much thinner than normal due to the absence of most Chinese participants for the Golden Week national holiday - markets there are set to reopen on October The European online gaming industry continues to witness rapid expansion as content providers seek access to newly regulated and increasingly competitive markets.
News in Focus
Featured, India Business, Analyst View, Geojit Financial Services, India, Power Sector, Torrent Power
Geojit Financial Services has upgraded Torrent Power Ltd. to a BUY rating with a 12-month target price of Rs. 1,638, implying an upside potential of nearly 15% from the current market price of Rs.
Featured, India Business, Analyst View, Stock Markets, Finance Sector, India, Motilal Oswal, Shriram Transport Finance
Motilal Oswal Financial Services has reiterated its BUY recommendation on Shriram Finance (SHFL), assigning a target price of Rs 1,175, implying an upside potential of nearly 29% from the current m
Featured, India Business, Analyst View, Stock Markets, Honasa Consumer, ICICI Securities, India, Retail Sector
ICICI Securities has reiterated its BUY recommendation on Honasa Consumer Limited, raising its target price to Rs 550 from Rs 500, implying an upside potential of nearly 32% from the current market
Featured, India Business, Analyst View, Agriculture, Balkrishna Industries, Geojit Financial Services, India
Geojit Financial Services has upgraded Balkrishna Industries (BKT) to a BUY rating and assigned a 12-month target price of Rs.
Motilal Oswal has a Buy with a Rs 530 target — 24% upside from Rs 426.
Main Regional Stories
Indian Renewable Energy Development Agency (IREDA) continues to demonstrate strong balance-sheet expansion despite a temporary slowdown in profitability caused by elevated provisioning and foreign exchange-related losses.
IDBI Capital has maintained its BUY recommendation on Apeejay Surrendra Park Hotels Ltd. (ASPHL) with a target price of Rs154, implying an upside potential of approximately 32% from the current market price of Rs116.
Featured, India Business, Analyst View, Auto Sector, Bajaj Auto, Geojit Financial Services, Maharashtra
Geojit Financial Services has upgraded Bajaj Auto Limited to a BUY rating from HOLD, assigning a 12-month target price of Rs. 11,735, implying an upside potential of approximately 12% from the current market price of Rs. 10,460.
Keynote Capitals has maintained its BUY recommendation on Yatra Online Limited, assigning a target price of Rs. 206 against the current market price of Rs. 98, implying a potential upside of approximately 110%.
