Global brokerage Jefferies maintained an underperform rating on HPCL while CLSA retained its buy rating on Manappuram Finance. Credit Suisse has an underperform rating on Dr Lal Pathlabs, and Morgan Stanley upgraded Lupin to overweight post March quarter results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more
How does rising gold prices help Muthoot and Manappuram? Suppose a person borrows from one of the gold financing players, and the prices of the metal rises, the value of the collateral used to secure the loan increases. This is because if a borrower comes with gold worth Rs 100 as collateral, the gold financing … Read more
New Delhi: Wounded bulls were back in action on Dalal Street on Tuesday as domestic equity markets regained its lost ground. Bottom hunters flocked in a sync to push to benchmark indices higher, to register the biggest gain of the last one year. The 30-share pack Sensex rallied 1,736.21 points or 3.03 per cent to … Read more