scorecardresearchCLSA downgrades ICICI Securities to underperform, cuts target price by about 38%

CLSA downgrades ICICI Securities to underperform, cuts target price by about 38%

Updated: 09 Jul 2022, 08:15 AM IST
TL;DR.
  • In its fresh report on July 5, global brokerage firm CLSA downgraded the stock to an 'underperform' from an 'outperform' while cutting the target price by 37.5 percent to 450 from 720.
The downgrade by CLSA is premised on fall in cash equity trading volumes and rise in futures and options (F&O) volumes. Photo: Unsplash

The downgrade by CLSA is premised on fall in cash equity trading volumes and rise in futures and options (F&O) volumes. Photo: Unsplash