Ambit Capital initiated coverage on Zinka Logistics, parent of BlackBuck, with a Buy rating and Rs 885 target price. The brokerage highlighted BlackBuck's emergence as India's largest commercial vehicle technology platform, driven by its expanding tolling and telematics offerings and improved profitability. The company has significantly digitized India's trucking ecosystem, serving a substantial portion of the trucker base.
Investors are showing renewed confidence in State Bank of India. Both foreign and domestic institutions are raising their stakes. SBI reported strong earnings momentum. Analysts maintain a positive outlook. The bank's performance in loans, net interest margin, and asset quality is favorable. SBI's share price is near its 52-week high. The stock shows a strong bullish trend.
A legislative defeat of a bill requiring insurance companies to justify homeowners' insurance rate hikes marked a rare setback for Illinois Gov. JB Pritzker.
