Citi Raises Price Target

• HPCL, BPCL Gain; Citi Raises Target Price

  Citigroup has upgraded Hindustan Petroleum Corp to buy from neutral and has raised price target to Rs 710 from Rs 513.

• Shares of Apollo Hospitals Gain; Citi Raises Price Target

  Citi said in a note that aggressive ramp-up has resulted in lower margin for FY14 and that it expects a pick-up in growth from FY15 as a result of the move.

• Citi raises Maruti Suzuki target price to Rs 1,681

  Citigroup maintains its 'buy' rating on Maruti Suzuki and raises its target price to Rs 1,681 from Rs 1,654. Maruti Suzuki is seeing signs of improving demand in the festival season, with "healthy" volume pick-ups according to a Citigroup research note attributing the information to its recent conversations with the auto maker's management.

• Citi cuts Reliance to 'neutral' on earnings outlook

  Citigroup has downgraded Reliance Industries to "neutral" from "buy", but raised its target price to Rs 847 from Rs 818.

• ITC shares recover; Citi raises target price

  Shares of ITC gained 2.9 per cent to Rs 233.50, after slumping 8.9 per cent over seven consecutive sessions of declines.