Global View: What should investors do with Vedanta, ICICI Prudential and HPCL?
The Indian markets fell for the second consecutive day in a row on Wednesday weighed down by muted global cues.
The Indian markets fell for the second consecutive day in a row on Wednesday weighed down by muted global cues.
Sectorally, buying was seen in power, auto, utilities, and healthcare, while selling was seen in realty, energy, oil & gas, and telecom stocks.
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https://www.zeebiz.com/companies/news-vedanta-mulls-group-restructuring-...ICICI Prudential Life Insurance
CLSA maintained the outperform rating on ICICI Prudential Life Insurance for a target price of Rs 750.
The global investment bank remains confident of doubling FY19 value of the new business (VNB) by FY23.
Despite near-term challenges in individual protection business with another round of reinsurer price hikes, other key levers – credit life, annuity & non-par savings – should support the VNB growth
HPCL:
Jefferies maintained its buy rating on HPCL and raised its target price to Rs 410 from Rs 370 earlier.
Marketing margin on auto fuel improved sharply in November. The excise duty cuts have created room for price revision, said the note. Early in the refining cycle that should firm up over CY22E.
(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)
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