Stocks that share market analysts recommended on August 2, 2023: Stock brokerage has come out with research reports on select stocks namely IDFC First Bank, Coromandel International, and Tata Chemicals. Here s what brokerages said about these counters.
IDFC First Bank shares plunged 5.9 per cent to hit a low of Rs 77.10 on BSE. On the other hand, while IDFC shares rallied 6.04 per cent to hit a high of Rs 115.70 in early trade, they later cut gains to 0.46 per cent.
IDFC First Bank is entering a phase of strong loan growth as the drag from the wholesale book continues to moderate, said Motilal Oswal Secuirties. This, it said, will be aided by a strong pickup in profitability.