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).
Market players said several stocks in the boarder markets were trading at attractive valuations
Family businesses outperform the broader index over 10 years