Trent stock hits record high; brokerages increase target price

[ad_1] Trent stock surged to hit a record high at ₹4,670 on the NSE after the company reported a 13-time rise in the consolidated net profit of the March quarter at ₹704.2 crore.Also read:Prabhudas Lilladher advises long-term SIP in Aditya...

Rate cuts are now off the table, say Morgan Stanley India economists

[ad_1] Morgan Stanley India economists don’t expect RBI to ease policy rates in 2024-2025. This is driven by change in the US Fed rate path and an improving domestic growth trend, both warranting higher neutral real rates.In a note “Rate...

Foreign brokerages, banks expect MPC to hold repo rate at 6.5% on April 5

[ad_1] Foreign brokerages and banks expect the Monetary Policy Committee (MPC) to keep the repo rate unchanged at 6.5 per cent in the upcoming April 5 meeting. They also see the MPC retain its monetary policy stance of ‘withdrawal of accommodation’. Also...

Morgan Stanley raises India GDP growth forecast to 6.8% for FY25 on continued capex boost

[ad_1] Painting a bullish picture on the growth momentum of the Indian economy, foreign brokerage Morgan Stanley has raised the country’s GDP growth forecast for FY’24-25 to 6.8 per cent from 6.5 per cent estimated earlier. The upward revision comes in...

India’s economic boom feels like 2003-07: Morgan Stanley

[ad_1] India's current world-beating economic growth rate on the back of an investment boom resembles that of 2003-07 when growth averaged over 8 per cent, according to economists at Morgan Stanley.In a report 'The Viewpoint: India - Why this feels...