Bharti Airtel, JK Tyre and more: Key updates from fund house outlooks

Team BL Updated - June 28, 2024 at 03:39 PM.

Several prominent stocks have seen adjustments in their ratings by fund houses, impacting investor sentiment across sectors

Bharti Airtel: Jefferies maintains a Buy rating, raising the target price to Rs 1720 per share, citing positive prospects.

JK Tyre: Emkay continues to advise a Buy stance, with a revised target price of Rs 700 per share, reflecting optimism in the company’s trajectory.

Godrej Properties: MOSL affirms a Buy recommendation with a target of Rs 3600 per share, emphasizing bullish sentiments on the real estate giant.

Star Health: Emkay upgrades to Buy, setting a new target price of Rs 650 per share, driven by positive developments within the company.

Nuvama Wealth: Citi maintains a Buy rating, forecasting a target price of Rs 6000 per share, reflecting strong confidence in the wealth management sector.

Man Industries: Emkay initiates coverage with a Buy recommendation, setting a target price of Rs 500 per share, highlighting growth potential.

SRF: Jefferies maintains an Underperform rating but raises the target price to Rs 2125 per share, acknowledging positive market dynamics.

Telecom sector outlook: MS anticipates price hikes in the telecom sector, particularly from Bharti Airtel, signaling positive market trends.

Reliance Industries: MS maintains an Overweight stance with a target price of Rs 3046 per share, reflecting cautious optimism.

Tata Tech and Tata Elxsi: Incred initiates Reduce ratings on both companies, with target prices of Rs 797 and Rs 6064 per share respectively, citing a cautious approach.

Bandhan Bank: UBS initiates a Neutral rating with a target price of Rs 230 per share, reflecting balanced sentiments.

UltraTech Cement: Emkay maintains a Buy stance, with a target price of Rs 11200 per share, while Citi’s target stands at Rs 11139 per share, both indicating a neutral outlook.

Ambuja Cement: Citi maintains a Neutral rating with a target price of Rs 675 per share, reflecting balanced market sentiment.

Bajaj Finance: Bernstein initiates a Market Perform rating with a price target of Rs 6800 per share, suggesting cautious optimism.

Tariff hike analysis: JPMorgan and UBS comment on Jio’s tariff hike, indicating a neutral stance with slightly varied expectations on market impact.

Published on June 28, 2024 03:32

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

TheHindu Businessline operates by its editorial values to provide you quality journalism.

This is your last free article.