Recommendation: Add; Target Price: Rs 165
Tata Motors raised $1 billion for EV arm from TGP Rise Climate in 2021. M&M raised $250 million from BII in 2022.
Investors with very high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in Kotak Nifty 200 Momentum 30 Index Fund.
Stock price rises after 3.2% stake sale in the company by M&M.
Sale likely to be done at a discount of 5% to Tuesday's closing price.
NTPC is also planning to come up with initial public offering for its renewable energy arm NTPC Green Energy Ltd (NGEL) to raise funds
The introduction of the Paytm UPI SDK is an additional feature within the existing UPI acquiring arrangement between Paytm Payments Services Ltd. and Paytm Payments Bank.
Recommendation: Buy; Target Price: Rs 220
As per bank’s website, the loan rates for various tenures ranges from 8.35% to 9.35% and these rates comes into effect from May 16.
Recommendation: Buy; Target price: Rs. 510