UBS downgraded BEL to Neutral but raised the target price to Rs 340. They see positives factored into the stock, leaving little room for surprises, but remain cautiously optimistic about earnings and growth.
The Indian market closed flat on Tuesday, ahead of the Christmas holiday, with gains in FMCG and auto stocks being offset by losses in metal
The Indian market closed flat on Tuesday with a negative bias. The BSE Sensex fell 83 points while the Nifty50 managed to close above 23,700
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