Samvardhana stock rises 10%, could gain up to 33% more https://ift.tt/FugeZR9 brokerage firm Nomura upgraded the stock by two notches to 'buy' and set a target price that has the potential to deliver another 17% returns from the current levels. "Believe this is a good acquisition," said Nomura in a note to clients. "See high potential of sunroof systems and entry into Japanese customers. Further upside can come from ability to add customers across Japan, US & EU."
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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