REC, PFC shares are now high-conviction outperformers, CLSA says; check new price target

All 12 analysts with coverage on both REC and PFC have “buy” ratings on them.

All 12 analysts with coverage on both REC and PFC have “buy” ratings on them.

On Monday, market tech analyst Mitessh Thakkar recommended these stocks for the short term.

Coal India is now left with an output target of 142 MT in the month of March, which will be the last month of the current financial year, in order to meet its guidance for the current financial year.

UltraTech made it clear that they are not looking for any other new business opportunity and it does not expect pricing pressure to disrupt the industry.

On January 27, brokerage firm Morgan Stanley had initiated coverage on the stock with an “overweight” rating and a price target of ₹161, which back then, implied a potential upside of 58% from those levels.

UBS has cut its price target on KEI Industries to ₹5,000 from ₹5,700 earlier, while Polycab’s target has also been cut to ₹7,700 from ₹9,000 earlier, which was among the highest target on the street for Polycab.

A potential acquisition of the fashion house founded by the late designer Gianni Versace in 1978 would allow Prada to create a larger Italian player to better compete with global luxury groups such as LVMH and Kering SA.

Hero said in its statement that it anticipates the sales momentum to increase in the coming months, due to the upcoming marriage season and new product launches.

Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 22,124.70, while Sensex ended at 73,198.10.

The global share offering will be larger than last year’s mega IPO of subway operator Tokyo Metro Co., and will test investors’ interest in Japanese share sales after about ¥960 billion of deals last year.