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Crypto Breakout Edges? China’s Stimulus May Fuel Rally, Says QCP Capital—Here’s Why

Crypto Breakout Edges? China’s Stimulus May Fuel Rally, Says QCP Capital—Here’s Why

Source: Bitcoinist China’s recent stimulus measures have sparked optimism in the global financial markets, and according to QCP Capital analysts, the effects may soon extend to the cryptocurrency space. While stock indices responded positively to China’s economic policies, the crypto market has yet to see a similar surge. However, QCP Capital believes the next phase…

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HSBC upgrades IIFL Finance to ‘hold’ from ‘reduce’ post-RBI move, raises target price to  ₹540, sees 8% upside | Stock Market News

HSBC upgrades IIFL Finance to ‘hold’ from ‘reduce’ post-RBI move, raises target price to ₹540, sees 8% upside | Stock Market News

Source: Live Mint Following the recent lifting of RBI restrictions on its gold loan business, global brokerage house HSBC upgraded IIFL Finance stock to ‘hold’ from ‘reduce.’ HSBC also raised the stock’s target price to ₹540 from ₹350 earlier, implying an 8 percent upside potential. HSBC also upgraded its FY25-27 EPS estimates by 6 percent…

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