Brokerage firm CLSA has maintained a buy rating and target price of Rs 850 on Paytm. Motilal Oswal has recommended a buy call on Avenue Supermarts with a target price of Rs 4200. However, Macquarie downgraded HDFC Life to neutral from outperform with a target price of Rs 556, ICICI Prudential Life and SBI Life to neutral from outperform with target prices of Rs 486 and Rs 1306 respectively. The bank remains apprehensive of long-term growth prospects and increasing regulatory risks in insurance companies.
Buyback alert! GE Shipping shares rise 3% as firm set to repurchase shares at 16% premium
Great Eastern Shipping experienced a surge in its stock prices following the announcement of its inaugural share buyback scheme. The company has proposed to repurchase