This is an AI-generated image, used for representational purposes only. Motilal Oswal Financial Services has given a ‘buy’ recommendation on Metro Brands with a target price of Rs 1,460 (+18%). Analysts believe the company, one of the leading players in the sports and athleisure segment, has a strong runway for growth, funded through internal accruals,…
Financial firm HSBC has cast serious doubt on the future of Indian edtech giant Byju’s, assigning zero value to Prosus’ nearly 10% stake in the company. This harsh assessment comes amidst Byju’s ongoing legal battles and deepening financial woes. Prosus is a Dutch-listed technology investment company. In a note to investors, HSBC highlighted multiple factors…
India’s manufacturing sector experienced a slowdown in growth during May, with the HSBC final India Manufacturing Purchasing Managers’ Index falling to 57.5 from 58.8 in April. Despite this decline, the index remained above the 50-mark, indicating continued expansion in the sector. The slowdown was attributed to a combination of factors, including a heatwave that led…
