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.
2/6
Hindalco Industries | Brokerage: CLSA | Rating: Downgrade to outperform | Target: Cut to Rs 695 from Rs 710
3/6
Ashok Leyland | Brokerage: CLSA | Rating: Buy | Target: Cut to Rs 138 from Rs 157
4/6
Emami | Brokerage: Credit Suisse | Rating: Outperform | Target: Cut to Rs 640 from Rs 700
5/6
Max Financial Services | Brokerage: CLSA | Rating: Buy | Target: Cut to Rs 1,030 from Rs 1,100
