AgenciesICICI Prudential Life Insurance
BROKERAGE: JEFFERIES
Price Target: Rs 640 CMP: Rs 567.15 Upside: 12.8%
- Pick-up in premium growth with sustainable margins will be a key re-rating catalyst
- Stock trades at a 15-35% discount to leading life insurance companies
- Experience of new CEO Anup Bagchi, former ICICI Bank retail banking head, should benefit company
Blue Dart Express
BROKERAGE: MOTILAL OSWAL SEC
Price Target: Rs 8,040
CMP: Rs 7,250 Upside: 10.9%
- Upgrade to Buy as stock is attractively valued after the recent decline from Oct 2022 high
- ATF prices have signifi cantly corrected recently, which should boost margins
- Implemented a 10% annual general price hike in January 2023
BROKERAGE: RELIGARE BROKING
Price Target: Rs 740
CMP: Rs 669.80 Upside: 10.4%
- Recommend fresh long positions in the Rs 660- 665 range with a Rs 625 stop loss for a month
- Recently witnessed a breakout from a consolidation range of Rs 480-625
- Likely to retest the record high soon
Mahindra Logistics
BROKERAGE: PRABHUDAS LILLADHER
Price Target: Rs 450
CMP: Rs 382.10 Upside: 17.8%
- Stock has consolidated near Rs 360-375 and currently has indicated a bullish candle pattern
- Much upside potential; attractive on charts
- RSI indicator has indicated a strong move; accumulate the stock with a stop loss of Rs 350 for two months
Thursday, 22 Jun, 2023- Front Page
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Local Indices End at Record Peaks on HDFC, IT GainsIndia’s key stock benchmarks closed at record highs amid choppy trade on Wednesday, bucking the bearish mood in other Asian markets, as merger-bound HDFC Bank and HDFC, as well as software shares, paced the gains.
Musk Meets Modi, Says Tesla to be in India SoonTesla founder Elon Musk said he had a very good conversation with Prime Minister Narendra Modi and he is confident the company, the world’s largest electric carmaker, will be in India “as soon as humanly possible” and that it is likely to make a “significant investment” in the country.
ZEE-Sony Deal on, Whether I’m CEO or NotPunit Goenka, CEO & MD of Zee Entertainment Enterprises, has said that the ZEE-Sony merger will go through whether or not he is the CEO of the merged company, as it benefits 96% of stakeholders.
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