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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

    Rakesh Patil
    February 03, 2022 / 11:52 AM IST
    Close,Up,Of,A,Successful,Businessman,Standing,By,A,Modern
    1/20
    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
    2/20
    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
    3/20
    HDFC Life Insurance Company | Brokerage: Jefferies | Rating: Buy | Target: Cut to Rs 820 from Rs 860
    BPCL
    4/20
    BPCL | Brokerage: Nomura | Rating: Buy | Target: Cut to Rs 500
    JSW Steel | Brokerage: Jefferies | Rating: Underperform | Target: Cut to Rs 550 from Rs 600
    5/20
    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
    6/20
    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
    7/20
    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
    8/20
    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
    9/20
    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
    10/20
    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
    11/20
    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
    12/20
    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
    13/20
    Ramco Cements | Brokerage: CLSA | Rating: Downgrade to underperform from outperform | Target: Cut to Rs 970 from Rs 1,180
    Exide Industries
    14/20
    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
    15/20
    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
    16/20
    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
    17/20
    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
    18/20
    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
    19/20
    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
    20/20
    HDFC | Brokerage: CLSA | Rating: Outperform | Target: Cut to Rs 3,050 from Rs 3,250
    Rakesh Patil
    Tags: #Slideshow #Stocks Views
    first published: Feb 3, 2022 11:52 am