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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.
ZEEL shares fall over 6% as Morgan Stanley cuts price target by 33% with underweight stance
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