Gold Silver Reports (GSR) – ICICI Prudential Gains As Brokerages Maintain Positive Stance Post Q4 – Shares of the private life insurance company rose as much as 4.9 percent to three-month high of Rs 438.60. International brokerage Citi revised its recommendations and target price after the company announced its fourth quarter results.
Citi upgraded its recommendation on ICICI Prudential Life Insurance Company Ltd. to ‘Buy’ from ‘Neutral’. The price target was raised to Rs 525 from Rs 450 implying a 26 percent upside potential from the last close. Credit Suisse also maintained its ‘Outperform’; and raised the price target to Rs 515 from Rs 495.
Bharti Airtel Top Gainer On Sensex, Nifty On Surprise Q4 Profit
Shares of the country’s largest wireless telecom operator rose as much as 3.35 percent, the most in a month, to Rs 419.70 after it surprised Street with a profit in March quarter led by improvement in Africa business.
