Shares of Jubilant FoodWorks Ltd. rose nearly 5%, the biggest intraday gain in three weeks, to Rs 3,404.45 apiece after Morgan Stanley pegged the share price to rise in absolute terms over the next 45 days.
- The brokerage maintained ‘overweight-attractive’ on the side with the price target of Rs 5,000; an implied upside of 45%.
- The short-term valuation of the stock is very compelling after the recent correction, acording to a note authored by Morgan Stanley’s equity analyst Sheela Rathi on Thursday.
LIC Housing Finance Surges The Most In A Year On Q3 Beat; ICICI Securities Upgrades Stock To ‘Buy’
Shares of LIC Housing Finance Ltd. rose over 12%, the biggest intraday gain in a year since Feb. 1, 2021, to Rs 388.4 apiece after the company reported net income for the third quarter that beat the average analyst estimate, post market hours Thursday.
- Reliance Industries Ltd. has 1.2 million shares change hands in a large trade.
- Details of buyers, sellers are not known immediately.
Source: Bloomberg
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