Macquarie Slashes Target Price By 57% To Rs 275, Sees Huge Customer Exodus

Macquarie has significantly reduced its target price for a particular stock by 57% to Rs 275, citing a substantial customer exodus. The research firm expresses concerns over the company's ability to retain its customer base amidst ongoing challenges. The revised target price reflects Macquarie's pessimistic outlook on the stock's performance in the foreseeable future due to the perceived risk of losing a significant portion of its customer base.