Positive setup was seen in stocks like Biocon, Bajaj Auto, Canara Bank, HPCL, Indus Tower, GMR Infra, HAL, Indian Hotel, Trent, Godrej Properties, ABB, IRCTC, Bharti Airtel, ITC, Cipla, Lupin and Glenmark.
Gujarat has signed investment pacts worth Rs 7.17 lakh crore ($86 billion) with 58 companies, including HPCL, IOCL, and Power Grid. 234 Memorandums of Understanding have been signed in 17 phases, with a potential investment of Rs 10.31 lakh crore. The Vibrant Gujarat Summit, tenth edition, is expected to attract around 100 companies.
Nomura maintained a buy rating on Fortis Healthcare but raised the target to Rs 475 from Rs 388 earlier. There are adequate levers in place to deliver margin expansion. The global investment bank sees the hospital segment s EBITDA margin to improve to 20.2% in FY25 from 16.9% in FY23.
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