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Foreign broking houses slash target price of these 5 stocks; do you own any?

Container Corporation of India, Yes Bank, LTIMindtree, Gland Pharma and SBI Cards & Payment Services are among the stocks, on which broking houses have cut the target price.

January 26, 2023 / 08:05 AM IST
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The Indian equity benchmarks lost more than 1 percent on January 25 with the Nifty finishing below 17,900 amid selling pressure across sectors - especially in power, oil and gas and financials on January F&O expiry day. The Sensex closed 773.69 points or 1.27 percent lower at 60,205.06, and the Nifty ended 226.30 points or 1.25 percent down at 17,892.
CONCOR's revenue climbed by 3.6 percent during the third quarter, rising from Rs 1,920 crore in the year-ago period to Rs 1,988.4 crore. The numbers were also higher sequentially, as the revenue in the September 2022 quarter was Rs 1,970.6 crore.
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Container Corporation of India | Brokerage: Nomura | Rating: Buy | Target: Cut to Rs 838 per share
Yes Bank | Brokerage: Morgan Stanley | Rating: Underweight | Target: Cut to Rs 17.5 from Rs 20 per share
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Yes Bank | Brokerage: Morgan Stanley | Rating: Underweight | Target: Cut to Rs 17.5 from Rs 20 per share
Technology
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LTIMindtree | Brokerage: Jefferies | Rating: Underperform | Target: Cut to Rs 3,710 per share
Gland Pharma | Brokerage: Bernstein | Rating: Outperform | Target: Cut to Rs 2,036 per share
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Gland Pharma | Brokerage: Bernstein | Rating: Outperform | Target: Cut to Rs 2,036 per share
SBI Cards & Payment Services | Brokerage: Nomura | Rating: Buy | Target: Cut to Rs 1,030 per share
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SBI Cards & Payment Services | Brokerage: Nomura | Rating: Buy | Target: Cut to Rs 1,030 per share