We’ve got collated a listing of suggestions from prime brokerage companies from ETNow and different sources:
JPMorgan on Apollo Tyres: Chubby| Goal Rs 370
JPMorgan maintained an chubby ranking on Apollo Tyres with a goal value of Rs 370. The worldwide funding financial institution slashed FY24-25 EPS by 2-3% to think about barely decrease quantity development in India.
Our forecasts are 5-19% above consensus, mentioned the word. The alternative demand development was weaker than anticipated, it mentioned.
Citi on ONGC: Promote| Goal Rs 130
Citi maintained a promote ranking on ONGC with a goal value of Rs 130. Oil and fuel manufacturing developments remained tender, it mentioned.
Manufacturing development developments 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 value of Rs 532. The long-term development outlook stays intact, mentioned CLSA.
“Adjusted EBITDA margin improved by 550 bps QoQ. A pickup in PTL and Specific parcel quantity is probably going to assist enhance adjusted EBITDA,” mentioned the word.
Goldman Sachs on Biocon: Purchase| Goal Rs 350
Goldman Sachs maintained a purchase ranking on Biocon with a goal value of Rs 350. Gross sales/EBITDA grew +26%/+6% on a YoY foundation.
The topline development is pushed primarily by sturdy development throughout all the important thing segments, mentioned the word.
(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t symbolize the views of Financial Occasions)