Nomura: Given that weakness in deposit mobilisation and elevated opex due to higher branch roll-outs, Nomura has downgraded its rating to Neutral from Buy and reduced the target price to Rs 1800. While the brokerage fully appreciates the strength of the franchise, they are uncertain about upside potential over next 12 months on the back […]
Day: June 22, 2023
Govt considering floor price for onion exportsGovt considering floor price for onion exports
The government is considering a proposal to introduce a floor price for onion exports, to ensure that 40% export duty imposed last week don’t lead to under invoicing of shipments of the stable vegetables. Sources said several onion exporters on Wednesday met the officials of the department of consumer affairs and urged for floor price […]