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While brokerages gave a thumbs up to the company's stellar Q4 report card, they remain cautious on exports.

Motilal Oswal Financial Services board will meet on April 26 to consider the proposal

Brokerage Goldman Sachs has initiated buy ratings on Syngene International Ltd and Neuland Laboratories Ltd and increased target price to Rs 875 (up 20 percent) and Rs 9100 (up 46 percent), respectively, from current market price. The brokerage house also initiated sell rating on Laurus Labs Ltd with a target price of Rs 350 a share, down 23 percent.

The IPO opened for subscription on April 3 and closed on April 5. On the last day it got subscribed nearly 30 times. The Rs 4275 crore IPO price band kept at Rs 542-570 a share. Currently, its grey market premium trades at Rs 120 a share.

Jefferies India has initiated coverage on Hindustan Aeronautics (HAL) and Data Patterns with Buy rating and remained positive on Bharat Electronics (BEL). The brokerage has kept a price target of Rs 3900 a share, up 18 percent on HAL , for Data Patterns it kept a price target of Rs 3545, up 45 percent and Rs It sees target price of Rs 260 a share, up 29 percent from its current market price on Bharat Electronics.