Market outlook: According to Emkay Global Financial, surge in Nifty has pushed the valuations out of the 'attractive' territory and has left little room for further re-rating
A key factor influencing the change in target price is ABB India's disappointing order inflow, which missed expectations by 24 per cent, highlighting potential challenges in the near-term
Shares of MRF, Astral, 3M India, Adani Wilmar, Godrej Properties, IDFC First Bank, Star Healthcare, Sona BLW and Procter & Gamble Hygiene from the BSE 200 index hit 52-week lows
The surge in stock price came after the Mumbai-based company's profit rose nearly 82 per cent year-on-year (Y-o-Y) to Rs 584.5 crore in the June quarter of financial year 2025 (Q1FY25).
