We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Citigroup on Bharti Airtel: Buy | Target Rs 940
Citigroup maintained a buy rating on Bharti Airtel with a target price of Rs 940. The global investment bank forecasts a 15% consolidated EBITDA CAGR for Bharti over FY22-25E.
A 5% increase in mobile ARPU can lead to a ~4% upside to FY24E EBITDA and 5G capex is likely to accelerate in coming quarters, it said.
BofA Securities on PB Fintech: Buy | Target Rs 555
BofA Securities maintained a buy rating on PB Fintech with a target of Rs 555. The brokerage said that Bima Sugam modalities are not clear. Policybazaar is well placed to sustain traction, it added.
Credit Suisse on Zomato: Outperform| Target Rs 100
Credit Suisse maintained an outperform rating on Zomato for a target of Rs 100. Performance-based headcount reduction in-line with profitable growth strategy is seen by the brokerage.
The global investment bank sees the value of the food delivery business at Rs 94/share. Zomato’s food delivery share has remained stable, said the note.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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