Fund Houses Recommendations (21/3/23)

BofA on ICICI Bank: Maintain Buy on Bank, target price at Rs 1100/Sh (Positive)

MOSL on Phoenix Mills: Maintain Buy on Company, target price at Rs 1700/Sh (Positive)

CLSA on Reliance Ind: Maintain Buy on Company, target price at Rs 2970/Sh (Positive)

Jefferies on Indian Banks: Indian financials have also borne the rub-off effect of global dislocations. banks are better placed with higher retail deposits (Positive)

MS On Airlines: IndiGo’s traffic increased 71% YoY & was 37% above Feb 2019. Market shares of all other key carriers declined by 10-40 bps (Positive)

Jefferies on Power stocks: Coal stocks at power plants are at comfortable levels. Imported coal plants have been given a pass-through on higher import prices, IEX, NTPC and JSW Energy are better placed (Positive)

MS on Biocon: Maintain Overweight on Company, target price at Rs 311/Sh (Positive)

MS on IT Stocks: Macro concerns could lead to the correction of stocks in the near term, Underweight on Wipro, LTTS and Tata Elxsi (Negative)

Citi on LTTS: Maintain Sell on Company, target price at Rs 2960/Sh (Negative)

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)

(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ, ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)