#target-price
Nomura downgrades Cummins India shares to Neutral despite raising target price by 25%. Here’s why
Nomura downgraded Cummins India to “Neutral” despite raising its target price by 25%, citing stretched valuations and near-term margin pressure from rising commodity costs. While the brokerage remains optimistic about long-term growth driven by data centres a…
Polycab shares jump 6% as post-earnings target prices go up to Rs 10,500. Should you buy now?
Polycab India shares jumped 6% to Rs 8,938.70 after the company posted stronger-than-expected Q4 results, triggering a wave of target price hikes by brokerages. Consolidated revenue rose 27% YoY, while EBITDA grew 13%. Analysts said the performance stood out …