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Hyundai Motor India shares rose nearly 2% to Rs 1,926 after Morgan Stanley and JPMorgan initiated coverage with an overweight rating. Both brokerages highlighted the companys strong growth potential, strategic positioning in the SUV and electric vehicle segments, and attractive valuation metrics as key factors for their positive outlook.
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Mahindra & Mahindra's stock rose 2.7% after launching new EVs BE 6e and XEV 9e, receiving positive brokerage reviews, with a target price of Rs 3,700 from Nuvama.
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LTIMindtree targets $10 billion revenue by FY32 but faces execution risks and margin pressures. Brokerages remain cautious with mixed ratings and target prices.
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