HSBC Cuts Mazagon Dock Shipbuilders Price Target 10% After Q2 Results
HSBC reiterated its Reduce rating and cut its target to ₹1,680 after the company’s September-quarter results. The shares fell over 2% on Wednesday, October 28.
Shares of Mazagon Dock Shipbuilders Ltd. fell over 2% on Wednesday, October 28, after brokerage firm HSBC reiterated its 'Reduce' rating on the stock and cut its price target to ₹1,680, citing a weak set of September-quarter results.The company missed estimates across key parameters, with revenue d…