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The Reserve Bank of India (RBI) is navigating a challenging economic landscape with stagnant growth and high inflation. It has maintained the repo rate at 6.5% while reducing the cash reserve ratio by 50 basis points to enhance liquidity, aiming to stabilize the rupee and attract foreign currency deposits. Despite these measures, growth forecasts for FY25 have been lowered to 6.6%, and inflation is projected at 4.8%, exacerbating the cycle of weak demand and limited investment.
Zen Technologies shares soared nearly 8% to a record high of Rs 2,033 after Nuvama Institutional Equities maintained a 'Buy' rating with a target price of Rs 2,200, indicating a potential upside of 16.5%. This bullish outlook follows the company's MoU with AVT Simulation, aimed at expanding its presence in the US defense market, particularly in simulation training and anti-drone technology.
HSBC has initiated coverage on Swiggy with a 'Hold' rating, while Nuvama has given a 'Buy' recommendation for Zen Tech. Goldman Sachs is optimistic about Westlife, projecting a target of ₹1,045 per share, citing menu interventions and expected same-store sales growth recovery. Citi highlights potential catalysts in the oil and gas sector, including possible GST inclusion for gas and lower CNG excise, while Jefferies notes strong returns for Indian CRO/CDMO stocks, with upcoming legislative actions likely to impact volatility.
Zen Tech shares have surged following a strategic partnership with a Florida-based simulation company. The recent advancements showcased at the I/ITSEC 2024 event have bolstered the company's connections within the US defense sector, paving the way for co-development initiatives and increased export opportunities.
Zen Technologies has secured an Indian patent for its T-90 Containerized Crew Gunnery Simulator (T90 CGS), designed to enhance the gunnery proficiency of T-90 tank commanders and gunners. The simulator offers an immersive experience by replicating real-world battlefield conditions with realistic targets and AI reactions, featuring dedicated stations for the gunner and commander. Customization options for instructors further enhance the training experience.
Zen Technologies Limited
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
RBI Balances Growth Challenges and Inflation Pressures with Policy Adjustments
United States Dollar
Indian Rupee
Newgen Software Technologies Limited
Zen Technologies Limited
IND
Shaktikanta Das
04:40 09.12.2024
Zen Technologies Shares Soar After MoU with AVT Simulation Boosts Market Confidence
06:25 06.12.2024
Brokerage Updates Swiggy Hold Zen Tech Buy Westlife Target Set
Jefferies
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SWIGGY LIMITED
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03:24 06.12.2024
Zen Tech Shares Surge After Strategic Partnership with Florida Simulation Firm
10:19 05.12.2024
Zen Technologies secures patent for advanced T90 crew gunnery simulator
02:47 26.11.2024
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