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Tuesday, November 30, 2021

Brokerage houses reshuffle the rating of these stocks, do you have any of these?

On October 21, in today’s trading, the benchmark index is seeing selling pressure for the third consecutive day. Realty, IT and metal stocks are putting pressure on the market. However, some buying is visible in banking stocks.

Nifty has fallen 160 points from the day’s peak and has come down to 18200. Infosys, ITC, Tata Motors are creating pressure. Nifty Bank is outperforming and is up 350 points. But the pressure in the midcap index continues even today.

Realty and government stocks are seeing the strength in the market. Godrej Property, Prestige, Indiabulls Real, Brigade are up up to 3 per cent. Here in PSU banks, good buying is being seen in Indian Bank, BOI, PNB, UCO.

After the result, pressure is being seen on many stocks. LIC HOUSING FINANCE is down 7 percent due to increase in STRESSED ASSETS. India Mart has seen a decline of about 5 per cent due to pressure in revenue and margins. Despite good results and improving asset quality, Can Fin Homes is down 8 per cent.

Reliance has seen strength before the results. The consolidated revenue of the company can increase by 14 percent in Q2 to cross 1 lakh 60 thousand crores. At the same time, EBITDA of Reliance Retail may increase by 53 percent. Good growth is also possible in the business of Reliance Jio. In this market condition, brokerage houses have changed the rating of some stocks. Let’s take a look at these.

Jubilant FoodWorks But Jefferies has reduced its rating to hold and has raised its target to Rs 4,100.

Tata Motors But Jefferies has increased its target from Rs 565 to Rs 625, giving a buy rating.

Nestle India But Credit Suisse has increased its target to Rs 19,500 while giving a neutral rating.

L&T Infotech But Credit Suisse has increased its target from Rs 5,150 to Rs 5,500, giving an Underweight rating.

Sonata Software But Prabhudas Lilladher has increased its target from Rs 936 to Rs 936 while giving Buy rating.

ICICI Securities But Motilal Oswal has increased its target to Rs 970 while giving Buy rating.

L&T Technology Services But while giving Accumulate rating, Elara Capital has increased its target from Rs 4,910 to Rs 5,540.

ACC But Emkay has increased its target to Rs 2,620 while giving Buy rating.

ICICI Prudential Life Insurance Sharekhan has increased its target to Rs 810 while giving Buy rating.

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Shehnazhttps://www.businesskhabar.com/
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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