New Delhi: A big decline has been seen in the Indian stock market on Thursday. At 11:28 am, the Nifty index is trading at the level of 24055 with a decline of 219 points. Top brokerage firms at the global level including domestic ones have started their coverage on some selected shares of the Indian market and under this coverage, the brokerage has given its latest setting and target price on all these shares.
Ola Electric Share
Citi Brokerage has started its coverage on Ola Electric shares under which it has set a target price of Rs 90 with a buy rating on Ola Electric shares. Citi Brokerage remains positive on Ola company. The brokerage is impressed by the company's wide product portfolio and focus on research and development.
Hyundai Shares
Investment bank JP Morgan has started its coverage on Hyundai shares and has set a target price of Rs 2020 with an overweight rating. The current market price of Hyundai shares is Rs 1905. JP Morgan brokerage says that Hyundai company will benefit from the growth of India's passenger vehicle market.
Tips Music Share
Big news has come from brokerage firm Axis Securities on the leading music label company Tips Music. In fact, Brokerage Securities has started its coverage with a buy rating on the shares of Tips Music and set a target price of Rs 1050.
Swiggy Share
Brokerage UBS has set a target price of Rs 515 with a buy rating on Swiggy shares. The brokerage believes that Swiggy company can remain profitable in case of improvement in margins and scale-up.
Genesis International Shares
The current market price of Genesis International shares is Rs 903. Domestic brokerage firm Elara Capital has started its coverage on this stock and has set a target price of Rs 1370 with a buy rating.
Trentt shares
Global brokerage firm Goldman Sachs has suggested buying Tata Group company Trent with a target price of Rs 8000. Goldman Sachs brokerage says that the Zudio brand is a multi-year share gain story. Also, there is no special competition for the company here.
LT Foods Shares
Domestic brokerage Motilal Oswal has initiated a 'buy' rating on LT Foods, a rice packaging company. It has also set a target price of Rs 520 on the stock. Brokerage Motilal Oswal has estimated that the company can grow at a CAGR of 14%/15%/19% in Revenue/EBITDA/Adj. PAT in FY24-27.
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