Cummins India, one of the leading providers of power solutions and engines, faced a significant setback in the stock market as its shares tumbled by 6% following a downgrade by Goldman Sachs. The financial giant downgraded Cummins India’s stock rating from ‘Neutral’ to ‘Sell,’ sparking a sell-off among investors. Goldman Sachs cited multiple factors, including … Read more
Tata Elxsi, one of India’s leading design and technology service providers, has been a standout performer in the stock market over the past few years. ICICI Securities, a well-known brokerage firm, has recently reaffirmed its positive outlook on Tata Elxsi by recommending a “Hold” rating for the stock and setting a target price of Rs … Read more
In October 2024, the Indian rupee (INR) reached an all-time low of 83.99 against the U.S. dollar (USD), creating a ripple effect across India’s financial markets. This depreciation is attributed to several key factors, including rising global crude oil prices and significant Foreign Institutional Investor (FII) outflows. The weakened rupee has raised concerns about inflation, … Read more