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Foreign brokerages cut price target of these stocks. Do you own any?

Max Financial, Newgen Software Technologies, Ashok Leyland, Emami and Hindalco Industries

April 01, 2022 / 12:46 PM IST
fando,sensex,nifty,derivative
In the range-bound session on March 31, the Indian benchmark indices ended lower on the last day of the financial year 21-22 and also snapped a three-day winning streak amid F&O expiry and selling seen in the pharma and IT names. Here are the five stocks in which foreign broking houses cut the target price.
Hindalco Industries
Hindalco Industries | Brokerage: CLSA | Rating: Downgrade to outperform | Target: Cut to Rs 695 from Rs 710
Ashok Leyland Ltd.
Ashok Leyland | Brokerage: CLSA | Rating: Buy | Target: Cut to Rs 138 from Rs 157
Emami | Brokerage: Credit Suisse | Rating: Outperform | Target: Cut to Rs 640 from Rs 700
Emami | Brokerage: Credit Suisse | Rating: Outperform | Target: Cut to Rs 640 from Rs 700
 Max Financial Services | Brokerage: CLSA | Rating: Buy | Target: Cut to Rs 1,030 from Rs 1,100
Max Financial Services | Brokerage: CLSA | Rating: Buy | Target: Cut to Rs 1,030 from Rs 1,100
Representative Image
Newgen Software Technologies | Brokerage: Jefferies | Rating: Buy | Target: Cut to Rs 650
Rakesh Patil
first published: Apr 1, 2022 12:46 pm
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