Hot Stocks: Citi downgrades RIL post Q3; Morgan Stanley cuts HUL target

Brokerage company Citigroup reduced RIL to neutral, BofA Securities kept a buy on UltraTech Cements, Morgan Stanley stayed underweight on RBL Bank and Equal Weight on HUL. We have actually collected a list of suggestions from leading brokerage companies from ETNow and other sources: Citigroup on RIL: Neutral|Target Rs 2910 Citigroup reduced RIL publish Q3 outcomes however raised the target rate to Rs 2910 from Rs 2600 earlier. The Q3 numbers were mostly in line with price quotes. The O2C was softer while the Oil & Gas sectors reported strong numbers. Dependence Jio & retail sector numbers remained in line with quotes. Cit reduced RIL to Neutral as the risk-to-reward ratio is relatively well balanced. BofA Securities on UltraTech Cements: Buy|Target Rs 10,000 BofA Securities kept a buy on UltraTech Cements with a target cost of Rs 10,000. The worldwide financial investment bank decreased FY25/26 EBITDA approximates by 5- 6% to change volume outlook post Q3. Seasonality & other elements are most likely to effect volumes in Q3. Rates are relocating sync with need patterns. Morgan Stanley on RBL Bank: Underweight|Target Rs 250 Morgan Stanley kept an underweight score on RBL Bank with a target rate of Rs 250. The property quality stays healthy. An accumulation of contingent buffers associated with AIF financial investments drove greater credit expenses. The loan development accele
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