We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
M&M Finance: Overweight | Target Rs 225
Morgan Stanley maintained an overweight rating on M&M Finance with a target price of Rs 225, after the company released its operational update for September.
Asset quality and AUM numbers were much stronger than expectations, said the note.
Goldman Sachs on Indigo: Buy | Target Rs 2,210
Goldman Sachs upgrades InterGlobe Aviation or Indigo to buy with a target price of Rs 2,210. Indigo’s market share gains are sustainable.
Industry consolidation towards two large players will likely improve the pricing discipline, said the note.
The global investment bank is of the view that Indigo’s cost leadership will likely drive improvement in profitability. The near-term catalysts: Q2 weak, but a positive setup for Q3.
CLSA on Marico: Underperform | Target Rs 530
CLSA maintained an underperform rating on Marico with a target price of Rs 530, after the management commentary suggested that EBITDA margin is likely to remain flat on a YoY basis in Q2.
Q2FY23 demand setting remains similar to Q2FY23. Indian business volume growth in low single digits, said the note.
BofA Securities on Zomato: Neutral | Target Rs 67
BofA Securities remain neutral on Zomato with a target price of Rs 67. Zomato’s food delivery offering appears cheaper and faster.
The sample restaurant base is mainly from metros/tier 1 cities. The global investment bank is of the view that Zomato’s value proposition appears better.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
