Bernstein has initiated coverage on Vishal Mega Mart with an ‘underperform’ rating and a target price of Rs 90, citing increasing competition and peak margin profile. Motilal Oswal Financial Services has a ‘neutral’ call on KEI Industries with a target price of Rs 3,000, highlighting strong demand for cables and growth concerns. Nuvama has a ‘buy’ rating on Godrej Properties with a target price of Rs 2,429, noting record pre-sales but concerns about housing volumes. Investec has upgraded Vedanta to ‘buy’ with a target price of Rs 510, citing strong cost position and monitorable issues. DAM Capital Advisors has a ‘buy’ rating on Affle India with a target price of Rs 1,730, emphasizing growth strategies and AI adoption for better returns.
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Delhi sizzles again: Mercury hits 42.1°C; heatwave alert out as temps may touch 45°C
SummaryDelhi's temperature reached 42.1°C on Sunday, surpassing 40°C for the first time in 17 days, leading to a 'yellow' heatwave alert for the following Monday and Tuesday, with expected highs of 45°C. Similar extreme temperatures are affecting Haryana, Punjab, and Rajasthan, where several areas are experiencing temperatures above 45°C. Relief is anticipated starting June 13, with forecasts of rain and thunderstorms providing a break from the heat. Full Article
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