Jefferies upgrades Molbio Diagnostics to Buy with ₹1,600 target
Statements (4)
- Bullish
Jefferies assigned a ‘Buy’ rating to Molbio Diagnostics with a target price of ₹1,600 indicating over 98% upside potential
- Bullish
Jefferies set a Rs 1,600 target price for Molbio Diagnostics, implying 27% upside from the recent close and nearly 98% above its Rs 807 IPO price
- Bullish
Molbio Diagnostics shares rallied 9% after Jefferies initiated coverage with a Buy rating and named it a high-conviction top pick
- Bullish
Jefferies assigned a 'Buy' rating to Molbio and set a target price of ₹1,600, indicating a 27% upside from its last closing price of ₹1255.60