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Broker call▲ Bullish for Indegene
Indegene share price jumps 5% to hit a 52-week high after Axis initiates coverage with a buy - Check target price
The brief
- Axis Direct initiated coverage with a buy recommendation and suggested 18% upside
- Indegene shares rose 5% to a 52-week high
- A buy call and 18% upside support sentiment for Indegene shares
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| INDGN | Fri, 25 Sept | +2.5% | +2.2% | 3.3× | +2.5% · Nifty +0.3% |
✓ Classifier read this as positive; INDGN rose 2.2% against the Nifty on the day it traded.
Indegene analyst recommendations
Motilal Oswal upgraded Indegene and set a target price of ₹708, citing demand for outsourced services and its role with life sciences clients. Axis Direct initiated coverage with a buy recommendation and indicated 18% upside.
Friday, 25 September
- Indegene share price jumps 5% to hit a 52-week high after Axis initiates coverage with a buy - Check target price