CLSA downgrades ICICI Securities to underperform, cuts target price by about 38%
Updated: 09 Jul 2022, 08:15 AM IST
- 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