Tata Tech shares surge 3% despite Axis Capital predicting 9% downside
Shares of Tata Group company Tata Technologies today surged 3.3% to dayβs high of Rs 1,083.45 on the BSE despite securing a βreduceβ rating and a target price of Rs 950 (a potential downside of 9%) for the stock from domestic brokerage firm Axis Capital. Axis Capital believes that there is no respite on growth…
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Citi initiates ‘Buy’ rating on Varun Beverages, sees 36% upside
Global financial services firm Citi has initiated coverage on Varun Beverages with a ‘Buy’ rating and a target price of Rs 800, indicating a potential upside of 36% from the previous closing price of Rs 588 per share. Citi cited the company’s strong market position in India and significant growth opportunities in the soft drinks…
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Indus Towers shares rally 6% after Citi recommends buying the dip, gives Rs 500 target price
Shares of Indus Towers rallied 6.2% to a dayβs high of Rs 412.45 on the BSE after global brokerage firm Citi suggested buying the stock on any dips, with a target price of Rs 500 and a maintained buy rating. Citi stated that the amount of past dues that VI repays to Indus in Q2…
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