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Sri Lotus Developers and Realty shares rose 5.5% to 195.75 after Motilal Oswal initiated coverage with a Buy rating and a 250 target price, implying a 28% upside. The brokerage highlighted strong fundamentals, sectoral tailwinds, and a robust project pipeline.
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Gold prices eased Rs 900 from record highs after Fed remarks dampened immediate rate cut hopes. Despite profit-taking, global uncertainty and central bank demand keep bullish sentiment intact for gold and silver.
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Several Indian defense stocks, including Unimech Aerospace, Bharat Dynamics, and Solar Industries, are trading at high valuations, raising concerns about justification. While rish valuations remain a concerns for 12 other stocks, analysts cite strong order books, policy support, rising exports, and the government's self-reliance push as reasons for investor confidence.
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