ZEEL shares fall over 6% as Morgan Stanley cuts price target by 33% with underweight stance
Updated : October 04, 2019 03:55 PM IST
So far this year, ZEEL has slumped 48 percent as investors dumped the stock on worries over invocation of promoter pledge by lenders.
At 10.17 am, ZEEL shares traded at Rs 241.20, down over 4 percent on BSE.
Morgan Stanley cut ZEEL's target price for the stock by 33 percent to Rs 248, while retaining its "underweight" stance.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more