sizzling shares: Scorching Shares: Brokerage view on Dabur India and Reliance Industries publish Q2 outcomes

World brokerage agency Morgan Stanley maintained its equal-weight stance on publish Q2 outcomes whereas Nomura retained its purchase advice for .

We have now collated a listing of suggestions from prime brokerage corporations from ETNow and different sources:

Morgan Stanley on Dabur India: Equal-weight | Goal Rs 537
Morgan Stanley maintained its Equal-weight stance on Dabur India with a goal value of Rs 537. Q2 earnings have been largely consistent with estimates.

The brokerage mentioned that the positives embody market share positive aspects throughout 95% of the portfolio and the announcement of the acquisition to develop the meals enterprise.

Nevertheless, weak rural demand and healthcare phase progress are a few of the negatives, it added.

Nomura on : Purchase | Goal Rs 2750

Nomura maintained its purchase score on Reliance Industries (RIL) with a goal value of Rs 2750 post-Q2 outcomes.

Q2 outcomes have been beneath estimates. The web debt elevated. Outcomes missed estimates largely on decrease 02C profitability. The monetary companies arm to be listed is constructive, the brokerage mentioned.

The worldwide funding financial institution trimmed FY23F/24F consolidated EBITDA by 4%/3%.

(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t symbolize the views of Financial Instances)