We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Jefferies on Dalmia Bharat: Buy| Target Rs 2060
Jefferies maintained a buy rating on Dalmia Bharat for a target of Rs 2,060. The industry growth is likely to remain strong led by the East.
The company targets industry-leading volume growth in the near future. A turnaround in east profitability is key, it said. “With volume growth/cost leadership, Dalmia is a strong mid-cap cement play,” said the note.
CLSA on Paytm: Buy| Target Rs 650
CLSA upgraded Paytm to buy with a target price of Rs 650. Price correction makes risk-reward favourable, according to the brokerage.
Several investors suggest some discomfort or uncertainty on scaling up the lending business. The global investment bank suggests that the stock warrants a look now.
“Cash burn should end in another 4-6 quarters. The key near-term risk is continued selling by pre-IPO investors,” said the note.
Morgan Stanley on Zomato: Overweight| Target Rs 92
Morgan Stanley maintained its overweight rating on Zomato with a target price of Rs 92.
Amazon’s exit from food delivery in India highlights high-entry barriers, it said, adding that the global food delivery market is dominated by vertical specialists rather than horizontal.
“We believe high exit multiples can be supported when the company achieves steady state margins,” 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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