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*Tradable Stocks in News* *Federal Bank:* Fedbank Financial | IPO INFO

*Tradable Stocks in News*


*Federal Bank:* Fedbank Financial Services board approves initiating IPO process. (Positive 95.0 Support 93.0 TGT 100.0)

*UltraTech Cement;* Commissions line II of Bara grinding unit with 2 MTPA capacity in UttarPradesh (Positive 7590.0 Support 7542.0 TGT 7680.0)

*Delta Corp:* Net Profit at Rs 70.4 crore versus Rs 12.8 crore YoY (Positive 280.0 Support 277.0 TGT 288.0)

*PI Industries:* Life Insurance Corporation of India acquired 72,000 equity shares in the company via open market transactions on January 10 (Positive 2860.0 Support 2832.0 TGT 2920.0)

*IRFC:* The company has appointed Joint Lead Managers and Joint Bookrunners for its $700 crore global medium-term note programme. (Positive 22.0 Support 25.0 TGT 21.0)

*Container Corp:* Says 3Q volumes up 6.8% y/y. (Positive 643.0 Support 635.0 TGT 660.0)

*Tata Consumers:* Appoints Gharry Eccles as President- International Business (Positive 735.0 Support 728.0 TGT 758.0)

JP Morgan on *NMDC:* Upgrades to Overweight on company, target price at Rs 210/Sh (Positive 135.0 Support 132.0 TGT 142.0)

Macquarie on *SBI Cards:* Maintains Outperform on company, target price at Rs 1230/Sh (Positive 880.0 Support 871.0 TGT 910.0)

Jefferies on *Varun Beverages:* Maintains Buy on company, target price at Rs 1215/Sh (Positive 865.0 Support 854.0 TGT 888.0)

CLSA on *Sun Pharma:* Maintains Buy on company, target price at Rs 1100/Sh (Positive 830.0 Support 820.0 TGT 860.0)

CLSA on *Bharat Forge:* Downgrade to Sell on company, cut target price at Rs 690/Sh (Negative 771.0 Resistance 776.0 TGT 758.0)