Dilip Buildcon Surges After BofAML Initiates Coverage — Shares of the Bhopal-based road maker rose as much as 12 percent, the most in over five months, to record high of Rs 1,124 after international brokerage Bank of America Merrill Lynch initiated coverage on the stock with a ‘buy’ for target price of Rs 1,244.
Indranil Sengupta, Chief Economist- India, BofAML
Indranil Sengupta, Chief Economist- India, BofAML 📌 Strong case for RBI to cut rates to support growth 📌 Expect inflation to jump back to 5-5.5 percent in June 📌 Growth remains weak and liquidity is tight 📌 Inflation impact of MSP hike to be marginal 📌 Markets to watch what RBI says on inflation peaking …