Jefferies has downgraded the pharma stock Biocon to underperform from hold . However, Jefferies has maintained its target price of ₹250 for the stock, implying an 11 percent downside from its current market price of ₹281.50.
F&O Ban: BHEL, Biocon, Aditya Birla Fashion and Retail, Ashok Leyland, UPL, RBL Bank and IRCTC may enter the ban list as these stocks are hovering near the 95 percent MWPL.
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