TVS Motor shares surged following Goldman Sachs’ ‘Buy’ upgrade, citing strong growth prospects and superior volume visibility from new premium products. The brokerage anticipates robust sales growth outpacing industry averages, supported by margin tailwinds and a positive outlook on electric vehicle expansion. Key catalysts include upcoming product launches and PLI scheme benefits.Read More
HDFC Bank reported steady growth in its March quarter business update, with advances and deposits rising in double digits year-on-year. However, the stock remains under pressure following a recent leadership exit, even as the lender’s core balance sheet metrics indicate stable expansion across credit and deposit segments.Read More
Wipro Limited share price surged 3% following a significant deal with Olam Group. This multi-year strategic transformation contract is valued at over one billion dollars. Wipro will also acquire Olam’s IT division, Mindsprint. The partnership aims to enhance Olam’s operations across its entire value chain. This engagement marks a major expansion for Wipro in the food and agri-business sector.Read More
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