Motilal Oswal has reaffirmed its Buy call on Suzlon Energy with a target price of Rs 80, indicating 42% upside. The brokerage cites improved execution, strong order book, regulatory support through localisation, and leadership stability as key drivers for the companys growth outlook.
CG Power shares: Morgan Stanley initiated coverage on multibagger CG Power with an Overweight rating and a 799 target, calling it a proxy for Indias manufacturing growth. Shares rose 4% after the call, with the brokerage citing strong positioning in motors, power systems.
India's sovereign rating upgrade is poised to attract stronger foreign capital inflows into its debt market, enhancing its risk profile and yield attractiveness. This shift could lead to broader inclusion in international bond indices, narrowing yield differentials with US Treasuries. Fixed income investors may benefit from increased demand for longer-duration sovereign bonds.
Rachit Prints, a mattress fabric maker, is launching its Rs 19.49 crore IPO on Monday, with shares priced between Rs 140 and Rs 149. The IPO, set to list on BSE SME on September 8, comprises a fresh issue of 13.08 lakh shares. The company intends to utilize the IPO proceeds for working capital, capital expenditure, and debt repayment.
Asian stock markets declined following a tech stock selloff on Wall Street. Samsung and SK Hynix faced restrictions on shipments to China. Alibaba's surge contrasted with China's factory activity contraction. A US court ruling added uncertainty to trade tariffs. Investors await key economic data and the Federal Reserve's decision. Political risks in Indonesia and Thailand are also in focus.
