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.
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.
2/6
Container Corporation of India | Brokerage: Nomura | Rating: Buy | Target: Cut to Rs 838 per share
3/6
Yes Bank | Brokerage: Morgan Stanley | Rating: Underweight | Target: Cut to Rs 17.5 from Rs 20 per share
4/6
LTIMindtree | Brokerage: Jefferies | Rating: Underperform | Target: Cut to Rs 3,710 per share
