Equity benchmark indices climbed on Wednesday as the markets saw volatile trading amid buying in bank stocks in tandem with mixed global trends.
Rallying for the fourth day running, the 30-share BSE Sensex climbed 116.94 points to 81,572.34 in early trade. The NSE Nifty went up 33.75 points to 24,891.05.
From the Sensex pack, NTPC, Asian Paints, JSW Steel, Bharti Airtel, ITC, ICICI Bank, Adani Ports, and Special Economic Zone and Tech Mahindra were the major gainers.
Jefferies has maintained a ‘buy’ stance on ICICI Bank, raising its target to Rs 1,460 from Rs 1,350.
Jeffereis has maintained a ‘buy’ stance on the PSU bank, raising its share price target to Rs 150 from Rs 145.
Edelweiss has a ‘buy’ call on Home First Finance with a share price target of Rs 1,220.00, an upside of 13.27 per cent.
Goldman Sachs has maintained a ‘neutral’ call on the pharma giant, raising its target to Rs 6,625 from Rs 5,885.
CLSA has maintained an ‘outperform’ rating on Power Grid, raising its target to Rs 369 from Rs 345.
Edelweiss has a ‘buy’ stance on City Union Bank with a share price target of Rs 185.00, an upside of 9.19 per cent.
Morgan Stanley on SBI Cards: It has maintained an ‘equalweight’ rating on SBI Card, cutting its target to Rs 700 from Rs 750.
J P Morgan the brokerage has maintained an ‘overweight’ stance on Bandhan Bank with a share price target of Rs 260.
Morgan Stanley has maintained an ‘overweight’ rating on Shriram Finance, raising its target to Rs 3,660 from Rs 3,325.
Macquarie has maintained a ‘neutral’ stance on Ultratech Cement with a share price target of Rs 11,014.
Citi has maintained a ‘buy’ stance on InterGlobe Aviation, raising its target to Rs 5,200 from Rs 5,100.
Jefferies has maintained a ‘buy’ call on IDFC First Bank, raising its target to Rs 95 from Rs 100.
Morgan Stanley has maintained an ‘equalweight’ rating on Cholamandalam Investment, raising its target to Rs 1,440.
Yes Securities has recommended ‘adding’ this mid-cap stock. It has given a share price target pf Rs 4,908, with a potential return of 12.1 per cent.
Yes Securities has a ‘neutral’ stance on TTK Prestige with a share price target of Rs 978, an upside of 6.1 per cent.
Jefferies has maintained a ‘buy’ rating on BEL, raising its share price target to Rs 370 from Rs 305.
JM Financial has a ‘buy’ rating on this mid-cap stock with a share price target of Rs 475
Jefferies has downgraded the mid-cap stock to ‘underperform’ from ‘hold’, cutting its target to Rs 3,000 from Rs 3,070.
Jefferies has maintained a ‘buy’ call on the large-cap stock, Varun Beverages raising its target to Rs 1,800 from Rs 1,690.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
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