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Foreign broking houses cut target price of these 19 stocks. Do you own any of these?

BPCL, Larsen & Toubro, Ramco Cements, RBL Bank, HDFC, Nippon Life India Asset Management, Jubilant FoodWorks are among the 19 stocks in which foreign research house cut the target price

February 03, 2022 / 11:52 AM IST
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After three days of continues gain the Indian market is witnessing profit booking on February 3 amid mixed global cues. Here are the stocks in which foreign brokerages cut the target price:
Mahindra & Mahindra Financial Services | Brokerage: Citi | Rating: Buy | Target: Cut to Rs 190 from Rs 210
Mahindra & Mahindra Financial Services | Brokerage: Citi | Rating: Buy | Target: Cut to Rs 190 from Rs 210
HDFC Life Insurance Company | Brokerage: Jefferies | Rating: Buy | Target: Cut to Rs 820 from Rs 860
HDFC Life Insurance Company | Brokerage: Jefferies | Rating: Buy | Target: Cut to Rs 820 from Rs 860
BPCL
BPCL | Brokerage: Nomura | Rating: Buy | Target: Cut to Rs 500
JSW Steel | Brokerage: Jefferies | Rating: Underperform | Target: Cut to Rs 550 from Rs 600
JSW Steel | Brokerage: Jefferies | Rating: Underperform | Target: Cut to Rs 550 from Rs 600
RBL Bank | Brokerage: Credit Suisse | Rating: Underperform | Target: Cut to Rs 135 from Rs 180
RBL Bank | Brokerage: Credit Suisse | Rating: Underperform | Target: Cut to Rs 135 from Rs 180
Jubilant FoodWorks | Brokerage: Citi | Rating: Buy | Target: Cut to Rs 4,350 from Rs 4,750
Jubilant FoodWorks | Brokerage: Citi | Rating: Buy | Target: Cut to Rs 4,350 from Rs 4,750
Nippon Life India Asset Management | Brokerage: CLSA | Rating: Buy | Target: Cut to Rs 460 from Rs 475
Nippon Life India Asset Management | Brokerage: CLSA | Rating: Buy | Target: Cut to Rs 460 from Rs 475
Adani Ports | Brokerage: CLSA | Rating: Outperform | Target: Cut to Rs 807 from Rs 825
Adani Ports | Brokerage: CLSA | Rating: Outperform | Target: Cut to Rs 807 from Rs 825
Torrent Pharma | Brokerage: CLSA | Rating: Downgrade to outperform from buy | Target: Cut to Rs 3,350 from Rs 3,850
Torrent Pharma | Brokerage: CLSA | Rating: Downgrade to outperform from buy | Target: Cut to Rs 3,350 from Rs 3,850
L&T Finance Holdings | Brokerage: Credit Suisse | Rating: Outperform | Target: Cut to Rs 90 from Rs 100
L&T Finance Holdings | Brokerage: Credit Suisse | Rating: Outperform | Target: Cut to Rs 90 from Rs 100
SBI Cards & Payment Services | Brokerage: Credit Suisse | Rating: Outperform | Target: Cut to Rs 1,100 from Rs 1,350
SBI Cards & Payment Services | Brokerage: Credit Suisse | Rating: Outperform | Target: Cut to Rs 1,100 from Rs 1,350
Ramco Cements | Brokerage: CLSA | Rating: Downgrade to underperform from outperform | Target: Cut to Rs 970 from Rs 1,180
Ramco Cements | Brokerage: CLSA | Rating: Downgrade to underperform from outperform | Target: Cut to Rs 970 from Rs 1,180
Exide Industries
Exide Industries | Brokerage: Nomura | Rating: Buy | Target: Cut to Rs 216
Larsen & Toubro | Brokerage: JPMorgan | Rating: Overweight | Target: Cut to Rs 2,160 from Rs 2,300
Larsen & Toubro | Brokerage: JPMorgan | Rating: Overweight | Target: Cut to Rs 2,160 from Rs 2,300
Dr Reddy’s Laboratories | Brokerage: Credit Suisse | Rating: Neutral | Target: Cut to Rs 4,465 from Rs 4,900
Dr Reddy’s Laboratories | Brokerage: Credit Suisse | Rating: Neutral | Target: Cut to Rs 4,465 from Rs 4,900
IndusInd Bank | Brokerage: Jefferies | Rating: Buy | Target: Cut to Rs 1,220 from Rs 1,400
IndusInd Bank | Brokerage: Jefferies | Rating: Buy | Target: Cut to Rs 1,220 from Rs 1,400
 Max Financial Services | Brokerage: CLSA | Rating: Buy | Target: Cut to Rs 1,300 from Rs 1,350
Max Financial Services | Brokerage: CLSA | Rating: Buy | Target: Cut to Rs 1,300 from Rs 1,350
Marico | Brokerage: Morgan Stanley | Rating: Overweight | Target: Cut to Rs 651 from Rs 670
Marico | Brokerage: Morgan Stanley | Rating: Overweight | Target: Cut to Rs 651 from Rs 670
HDFC | Brokerage: CLSA | Rating: Outperform | Target: Cut to Rs 3,050 from Rs 3,250
HDFC | Brokerage: CLSA | Rating: Outperform | Target: Cut to Rs 3,050 from Rs 3,250
Rakesh Patil
first published: Feb 3, 2022 11:52 am
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