Recommendation: Reduce; Target Price: Rs 148
If the March 2023 infusion of nearly $1 billion looked tentative due to the predominance of the GQG-Adani deal, there were no such doubts in April 2023.
The month of April 2023 turned out to be one of the best months in recent memory. It began with the RBI maintaining status quo on rates which raises hopes that the RBI may be done and dusted on rate hikes.
Recommendation: Add; Target price: Rs 2,800
On the last day of April 2023, the Office of the Economic Advisor announced core sector growth numbers for March 2023.
This new plant will be located outside Haryana.
Recommendation: Add; Target price: Rs 1,100
Euro 34.2 million will be paid for the acquisition of Archimica.
Company is in talks with a number of global banks for raising this amount.
The month of April 2023 saw decisive up move in the markets and also decisive positive FPI flows.
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