News Title: TCS Share Price 18 April 2024
๐๐๐ Inspired by the Ram Navami festival on 17th April, the stock market was closed. The Indian share market witnessed a sharp decline on 16th April. TCS stock was downgraded to an underperform rating by Morgan Stanley. The target price was increased to โน4,500.
๐๐๐ JPMorgan upgraded TCS to an overweight rating and raised the target price to โน4,500. They believe that TCS will outperform all major income companies in the financial year 2025.
๐๐๐ Morgan Stanley maintained an underperform rating on Indus Towers and raised the target price to โน390. They expect strong growth in the tower business due to diversification and efficiency improvements.
๐๐๐ Jeffries issued a buy rating on Godrej Properties and increased the target price to โน3,175. The company had the highest pre-sales among listed developers in the fourth quarter.
๐๐๐ Morgan Stanley maintained an overweight call on Maruti Suzuki but increased the target price to โน14,322. They believe Maruti’s Powertrain strategy is the best approach to deal with the global EV slowdown.
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