Jubilant Food Works Surges After Morgan Stanley Finds Valuation ‘Compelling’ After Recent Correction

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 Has 1.2 Million Shares Change Hands In A Large Trade

  • 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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