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Antique Stock Broking has initiated coverage on Adani Ports & SEZ with a Buy rating and a Rs 1,773 target, citing its growing scale, integrated logistics model and strong financials. With rising cargo volumes, expanding infrastructure and improving leverage, the brokerage expects robust revenue, EBITDA and profit growth driven by long-term structural tailwinds.
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News and Media
Indian equities have shown resilience despite global volatility, with market veteran Sudip Bandyopadhyay highlighting distinct domestic dynamics. He believes an India-US trade deal will be a major catalyst for foreign investment, while gold and silver are expected to provide decent returns. Bandyopadhyay remains optimistic about India's economic growth, driven by favorable macro factors and strong corporate earnings.
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News and Media
The IMF is expected to revise how it classifies Indias exchange rate regime, two years after triggering tensions with the RBI by suggesting excessive currency intervention. According to people familiar with the matter, the new description may reference a crawling peg, a framework involving gradual currency adjustments to reflect inflation differentials. The shift would signal a recalibrated view of Indias de facto forex management.
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News and Media
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