Brokerages initiate coverage on Vedanta Aluminium, Kalyan Jewellers with bullish outlook

Multiple brokerages have initiated coverage on select Indian stocks with bullish recommendations. Jefferies has assigned a Buy rating to Kalyan Jewellers with a specific target price, while Systematix Institutional Equities rated Vedanta Aluminium as a Buy. ICICI Securities placed Add ratings on Canara Bank and Bank of Baroda, signalling positive sentiment on the banking sector.

Nuvama has set a target price for KPR Mill indicating significant upside potential. The analyst actions reflect expectations of considerable growth in these companies' performance in the near to medium term.