Now we have collated an inventory of suggestions from high brokerage corporations from ETNow and different sources:
JPMorgan on Apollo Tyres: Chubby| Goal Rs 370
JPMorgan maintained an obese ranking on Apollo Tyres with a goal worth of Rs 370. The worldwide funding financial institution slashed FY24-25 EPS by 2-3% to think about barely decrease quantity progress in India.
Our forecasts are 5-19% above consensus, mentioned the be aware. The substitute demand progress was weaker than anticipated, it mentioned.
Citi on ONGC: Promote| Goal Rs 130
Citi maintained a promote ranking on ONGC with a goal worth of Rs 130. Oil and fuel manufacturing tendencies remained mushy, it mentioned.
Manufacturing progress tendencies and fuel pricing developments are key developments to be careful for, Citi analysts added.
CLSA on Delhivery: Purchase| Goal Rs 532
CLSA upgraded Delhivery to purchase with a goal worth of Rs 532. The long-term progress outlook stays intact, mentioned CLSA.
“Adjusted EBITDA margin improved by 550 bps QoQ. A pickup in PTL and Categorical parcel quantity is probably going to assist enhance adjusted EBITDA,” mentioned the be aware.
Goldman Sachs on Biocon: Purchase| Goal Rs 350
Goldman Sachs maintained a purchase ranking on Biocon with a goal worth of Rs 350. Gross sales/EBITDA grew +26%/+6% on a YoY foundation.
The topline progress is pushed primarily by robust progress throughout all the important thing segments, mentioned the be aware.
(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t symbolize the views of Financial Occasions)
