Target Price

Synopsis Prabhudas Lilladher has issued a ‘reduce’ recommendation for Indian Railway Catering & Tourism Corporation Ltd. (IRCTC) with a target price of ₹822. The current market price of IRCTC is ₹936.2, suggesting a potential downside. The firm cites concerns over rising low-margin UPI transactions and limited margin expansion despite strong performance in the catering division….

Synopsis Motilal Oswal Financial Services has issued a ‘buy’ recommendation for HDFC Bank Ltd., setting a target price of ₹1,850. The current market price of HDFC Bank is ₹1,630, indicating a potential upside. The brokerage firm highlights the bank’s resilient performance in terms of margins and asset quality despite ongoing challenges in business growth and…