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HomeNewsbusinessstocks

Foreign brokerages cut target of these six stocks; check if you own any

The broking house cut the target price of Tata Steel, Multi Commodity Exchange of India, Muthoot Finance, Tata Consumer Products, Birla Corporation and Divis Laboratories.

Rakesh Patil | February 10, 2023 / 07:17 IST
1/7
Indian benchmark indices ended a tad higher in a volatile session on February 9, with the 30-pack Sensex rising 142.43 points, or 0.23 percent, to 60,806.22 and the Nifty gaining 21.80 points, or 0.12 percent, to end at 17,893.50.
Indian benchmark indices ended a tad higher in a volatile session on February 9, with the 30-pack Sensex rising 142.43 points, or 0.23 percent, to 60,806.22 and the Nifty gaining 21.80 points, or 0.12 percent, to end at 17,893.50.
2/7
The Q3FY23 results of Tata Steel were below Street expectations.
Tata Steel | Brokerage: CLSA | Rating: Outperform | Target: Cut to Rs 125 per share
3/7
Multi Commodity Exchange of India | Brokerage: UBS | Rating: Buy | Target: Cut to Rs 1,900 per share
Multi Commodity Exchange of India | Brokerage: UBS | Rating: Buy | Target: Cut to Rs 1,900 per share
4/7
Muthoot Finance | Brokerage: CLSA | Rating: Underperform | Target: Cut to Rs 1,140 per share
Muthoot Finance | Brokerage: CLSA | Rating: Underperform | Target: Cut to Rs 1,140 per share
5/7
Tata Consumer Products
Tata Consumer Products | Brokerage: JPMorgan | Rating: Neutral | Target: Cut to Rs 745 per share
6/7
Birla Corporation: Birla Corporation announces shut down of manufacturing unit in Gurgaon. The company has permanently closed the manufacturing establishment at its unit, Auto Trim division, Gurgaon. The said closure does not have any material and adverse effect on the operations of the company.
Birla Corporation | Brokerage: Jefferies | Rating: Hold | Target: Cut to Rs 1,020 per share
7/7
Divi's Lab shares have fallen 13 percent since the announcement of Q3FY23 results. (Image Source: Divislabs.com)
Divis Laboratories | Brokerage: Morgan Stanley | Rating: Underweight | Target: Cut to Rs 2,766 per share

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