The market is directionless with high levels of volatility due to the continuous rise in daily new COVID cases amid a second wave. On the other hand, robust earnings from India Inc and positive global cues are helping keep a cap on the downside. Based on the earnings and current scenario, foreign brokerages have revised their target price on these five stocks. Do you own any?
Tata Steel | Brokerage: Morgan Stanley | Rating: Overweight | Target: Raised to Rs 1,630 from Rs 1,000
SBI Life | Brokerage: Morgan Stanley | Rating: Overweight | Target: Raised to Rs 1,275
Persistent Systems | Brokerage: CLSA | Rating: Sell | Target: Raised to Rs 1,830 from Rs 1,540
Adani Ports | Brokerage: Citi | Rating: Buy | Target: Raised to Rs 1,000
IDFC First Bank | Brokerage: CLSA | Rating: Downgrade to underperform from buy | Target: Raise to Rs 59 from Rs 50
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