India Finance News

Stock Market HIGHLIGHTS: Bank Nifty star performer as index hits new life high of 42800; Sensex, Nif – Zee Business

Stocks to Buy, Sell or Hold – What brokerages say?

– Credit Suisse on Ultratech Cement (CMP: 6843) 

Maintain Outperform, Target 7700 

– Morgan Stanley on Nykaa (CMP: 175) 

Maintain Overweight, Target 314 

– Citi on Lupin (CMP: 720) 

Maintain Buy, Target raised to 840 from 820  

If gpiriva is approved, co is expected to enjoy sole exclusivity in a  

$500-700m market for next couple of yrs  

Product has potential to repair margins from sub 10% to c17-18% levels 

On other hand, if approval is delayed following additional queries from USFDA,  

believe downside is ltd as strong flu season in US  

& impact of Suprep can help margins in 3QFY23, limiting downside 

– Credit Suisse on Shree Cement (CMP: 23265) 

Maintain Neutral, Target 21000 

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)

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