Citi downgrades Gujarat Pipavav to 'neutral' from 'buy'
Citigroup has downgraded Gujarat Pipavav Port to 'neutral' from 'buy' and marginally reduced the target price to 80 rupees from 81 rupees citing strong stock performance over the last six months and cautious outlook for bulk volumes.
Citi has downgraded Areva T&D to 'hold' from 'buy' and cut the price target to 290 rupees from 340 rupees.