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We now have collated an inventory of suggestions from prime brokerage companies from ETNow and different sources:
BofA on Cummins India: Purchase | Goal Rs 1578
BofA Securities maintained a purchase score on Cummins India with a goal value of Rs 1578. Earnings beat on margin enlargement, and the exports holding stay robust, the brokerage mentioned.
BofA mentioned that the EBITDA beat was led by margin enlargement and strong gross sales. The home outlook stays robust, it added.
Goldman Sachs on Paytm: Purchase | Goal Rs 1100
Goldman Sachs maintained a purchase score on Paytm with a goal value of Rs 1,100. The September quarter numbers had been higher than anticipated, throughout each topline and EBITDA, the brokerage mentioned.
The worldwide funding financial institution raised estimates for Paytm on the again of outcomes. It sees constant enchancment in profitability as a key catalyst, it mentioned.
Jefferies on FoodWorks: Maintain | Goal Rs 600
Jefferies maintained a maintain score on Jubilant FoodWorks with a goal value of Rs 600. Sluggish development and margin headwinds have been taking part in out in tandem, Jefferies mentioned.
The brokerage mentioned that Jubilant’s standalone PAT declined by 3% on a YoY foundation. A mixture of excessive inflation and rising competitors is impacting Domino’s, it added.
JPMorgan on Bharat Forge: Impartial | Goal Rs 865
JPMorgan initiates protection on Bharat Forge with a impartial score and a goal value of Rs 865.
The administration forecasts a cyclical restoration in India. Potential order wins in protection may shock positively, the brokerage mentioned in a be aware.
The worldwide funding financial institution estimates {that a} 20% likelihood is being constructed on the present inventory value. “Our FY24-25 EPS is 11-17% under consensus. The inventory trades at FY24 EV/EBITDA of 17x,” the be aware added.
(Disclaimer: Suggestions, strategies, views and opinions given by the consultants are their very own. These don’t symbolize the views of Financial Occasions)
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