At the same time, they have been prompt in cutting target prices at the slightest evidence of stress. Asset management companies, insurers and healthcare players are among the stocks that saw the biggest increase in consensus target prices after the September quarter results, while companies in banking, telecom and housing finance spaces saw the biggest cuts to target prices. While the AMC has seen one of the biggest target price increases in recent weeks, many believe the upside is limited. “Pick-up in gold-loan in the coming quarters, higher gold prices and favourable regulatory environment will act as a positive catalyst. The brokerage has maintained buy rating on the stock with a target price of Rs 460.The DTH operator reported a consolidated loss of Rs 96.4 crore in September quarter.

Source: Economic Times November 18, 2019 04:20 UTC