Federal Bank
Centrum Broking Technical and Derivative Research Head and Vice President Nilesh Jain recommends a Buy for Federal Bank Ltd. The target price for the stock is 216, which implied 4.8% upside from Monday’s close price. The stop loss for the stock is Rs 201 apiece.
Out of 43 analysts tracking the company, 35 maintain a ‘buy’ rating, seven recommend a ‘hold,’ and one suggests to ‘sell’, according to Bloomberg data. The average 12-month consensus price target implies an upside of 9.2%.
Mazagon Dock Shipbuilders
Rajesh Sinha, senior fundamental research analyst at Bonanza recommended a Hold for the stock. The company is a special company in the defence sector, where we have seen decline in prices very significantly. How the execution is going and how the revenue is generated, those are the factors which the defence counter will act on.
Britannia Industries, Maruti Suzuki, Reliance Infrastructure Shares In Focus
Traders may focus on Britannia Industries Ltd., Maruti Suzuki India Ltd., Reliance Infrastructure Ltd., United Breweries Ltd., and UCO Bank Ltd. shares because of the overnight news flow.
A strike at Britannia Industries’ Jhaghadia plant in Gujarat was called off. Maruti Suzuki India Ltd. reported that its total production rose 1.4% on the year. Reliance Infrastructure paid tariff payment as a part of solar power purchase pact. United Breweries closed operations at Mangalore Plant, and UCO Bank appointed a new chief financial officer.
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