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.
Cochin Shipyard shares tumble 8% as Q2 profit falls 50% YoY despite revenue growth
Cochin Shipyard shares fell sharply on Wednesday after the company reported a nearly 50% year-on-year decline in Q2 FY27 net profit to Rs 54 crore.