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Foreign broking firm raises target of these 5 stocks; do you own any?

HDFC Bank, IndusInd Bank, Dabur India, Honeywell Automation and Punjab National Bank are the five stocks whose targets have been raised by foreign broking houses.

December 12, 2022 / 09:47 AM IST
Indian benchmark indices opened on negative note on December 12 amid weak global cues ahead of FOMC meeting outcome and the US, the UK, and India’s inflation data due this week. Meanwhile, foreign broking houses raised the target price of these 5 stocks; have a look:
IndusInd Bank | Brokerage: Jefferies | Rating: Buy | Target: Raises to Rs 1,600 per share
IndusInd Bank | Brokerage: Jefferies | Rating: Buy | Target: Raised to Rs 1,600 per share
Punjab National Bank: Punjab National Bank raises Rs 4,000 crore via bonds. The public sector lender has raised Rs 4,000 crore by issuing bonds at a coupon of 7.89% per annum on a private placement basis. The bank issued bonds to 18 investors.
Punjab National Bank | Brokerage: JPMorgan | Rating: Upgraded to overweight | Target: Raised to Rs 72 from Rs 34 per share
Honeywell International Inc said on June 14 it was partnering with the Indian government to ramp up oxygen production in the country.
Honeywell Automation | Brokerage: Nomura | Rating: Buy | Target: Raised to Rs 50,642 per share
Representative image.
Dabur India | Brokerage: Morgan Stanley | Rating: Upgraded to overweight from equal-weight | Target: Raised to Rs 660 from Rs 578 per share
HDFC Bank Number of NPS Tier-1 Scheme- E that held the stock: 9 Current value of the investment: Rs 2,340 crore Schemes (Scheme-E of Teir-1 account) that held higher allocation to the stock: Aditya Birla Sun Life Pension, Max Life Pension and LIC Pension
HDFC Bank | Brokerage: UBS | Rating: Buy | Target: Raised to Rs 1,900 from Rs 1,750 per share
Rakesh Patil
first published: Dec 12, 2022 09:47 am