Brokerage firm CLSA maintained a buy rating on and and an outperform rating on . That said, it has an underperform tag on Star Health. BofA, at the same time, maintained a buy rating on . Global brokerage firm Citi continued to rate as buy, while Macquarie maintained its outperform tag on .
We have collated a list of recommendations from top brokerage firms from ET Now and other sources. Take a look:
Citi on Adani Ports: Buy| Target Rs 1,105
Citi maintained a buy on Adani Ports with a target of Rs 1,105. Adani is increasing supremacy within the industry, it said.
BofA on Suzuki: Buy| Target Rs 10,500
BofA maintained a buy call on Maruti Suzuki with a target price of Rs 10,500. The brokerage expects the company to gain back 5-6 per cent market share over the next 2 years. BofA revised revenue by 6-8 per cent and EPS by 9-10 per cent factoring in a new higher ASP.
“Maruti is finally set to make a solid comeback and investors’ expectations are running low for MSIL. Maruti’s new models can do well as they are backed by good design/features,” it said.
CLSA on Telecom Sector
CLSA is bullish on the telecom sector as it believes India’s mobile giants are ready to catch the 5G wave. The brokerage firm maintained Buy on Bharti Airtel and
with target prices of Rs 930 and Rs 3,180, respectively while it maintained outperform rating on Tata Communications with a target price of Rs 1,433.
CLSA on Star Health: Underperform| Target Rs 760
CLSA maintained an underperform rating on Star Health with a target price of Rs 760. The insurance company is still seeing inflation in non-Covid claims and it expects this to normalise only by the end of FY23.
The company maintained a slightly higher-than-normal loss ratio for FY23CL.
Macquarie on Jubilant FoodWorks: Outperform| Target Rs 470
Macquarie maintained an outperform rating on Jubilant FoodWorks with a target price of Rs 470. The brokerage believes that it is too early to call the company an engine of growth and that its steady-state unit economics for new formats is still a work in progress.
(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.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
