Hot Stocks: Brokerages on JSPL, Indian Hotels and Zomato post Q2 results

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:


Citigroup on JSPL: Buy | Target Rs 560


Citigroup maintained a buy rating on JSPL with a target of Rs 560.

“Cost pressures were seen in Q1. Standalone adjusted EBITDA fell by ~68% on a YoY basis. There is confidence around JSPL’s balance sheet and potential upsides,” the brokerage said.

Jefferies on Indian Hotels: Buy | Target Rs 380


Jefferies maintained a buy rating on Indian Hotels with a target price of Rs 380. Top line beat, but margins were below expectation, said Jefferies.

EBITDA margins slipped to ~24% vs ~30% QoQ. On a QoQ basis, employee costs grew by 5%, said the note.

Citi on Zomato: Buy | Target Rs 85


Citi maintained its buy rating on Zomato with a target price of Rs 85.

The global investment bank is of the view that the overall 30% GOV growth rate in FY23E can be achievable. Blinkit losses declined 20% QoQ.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)