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breaking news Tata Chemicals, Reliance Industries, Federal Bank: Tuesday’s Best Brokerage Calls


SUMMARY

Morgan Stanley has an ‘overweight’ call on shares of Tata Chemicals with a target price of Rs 1,278 on its shares while CITI has a ‘buy’ call on shares of Federal Bank with a target price of Rs 165 on its shares .

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Tata Chemicals | Morgan Stanley has an “overweight” call on Tata Chemicals shares with a target price of Rs 1,278 on its shares. The brokerage expects market conditions to gradually improve from the challenges of the fourth quarter.

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Trust Industries | Jefferies has a call to buy on shares of Reliance Industries with a target price of Rs 3,100 on its shares. The brokerage says the government has approved the Green Hydrogen Mission, in which phase 1 will focus on existing hydrogen users, while phase 2 will focus on new customer industries.

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Federal Bank | CITI has a “buy” call on Federal Bank shares with a target price of Rs 165 on its shares. The brokerage says the company had a strong, online third quarter.

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Federal Bank | Morgan Stanley has an “outperformance” call on Federal Bank shares with a target price of Rs 175 on its shares. The brokerage says net interest income (NII) the company’s growth was a big surprise thanks to a higher margin.




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