Indian stocks hit 52-week highs, key movers analyzed
Indian indices hit 52-week highs. Adani Power, Ola Electric, Whirlpool India gained, while Yes Bank, Wipro, Infosys declined. Key factors include regulatory approvals, new product launches, and earnings reports.
Jefferies adjusts ratings for Indian consumer electronics firms
Jefferies downgrades Blue Star, recommends 'buy' for V-Guard, Crompton Greaves, and Polycab. Expects strong AC industry growth and capital expenditure recovery in 2025.
PG Electroplast expects 40% CAGR in washing machine business
PG Electroplast signs deal with Whirlpool India to manufacture semi-automatic washing machines, expects to maintain 35-40% CAGR in washing machine business for next 2-3 years.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.