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Recommendation: Buy; Target Price: ₹835
Companies offer bonus shares to current owners in proportion to their holdings.
Jefferies, for example, downgraded Paytm to 'underperform' from 'buy'.
According to the filing, CIL's coal output grew to 610.3 MT in April-January.
The company's income from operations increased by 6.5% year on year.
Additionally, total commercial vehicle sales of the company declined 2% to 32,090 units.
Top gainers on the Nifty included BPCL, Power Grid Corporation, ONGC, Adani Ports, and NTPC
The stock witnessed a significant upswing in January, rising approximately 11%, marking its most substantial monthly increase since March 2022.
Recommendation: Reduce; Target price: ₹1657
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