delhivery share value: Sizzling Shares: Brokerages on Apollo Tyres, ONGC, Delhivery and Biocon submit Q2 outcomes

International brokerage agency JPMorgan maintained an chubby ranking on , Citigroup maintained a promote name on , CLSA upgraded Delhivery to a purchase and Goldman Sachs retained a purchase ranking on .

We have now collated an inventory of suggestions from prime brokerage companies from ETNow and different sources:

JPMorgan on Apollo Tyres: Obese| 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 progress in India.

Our forecasts are 5-19% above consensus, mentioned the word. 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 value of Rs 130. Oil and fuel manufacturing developments remained delicate, it mentioned.

Manufacturing progress 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 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 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 progress is pushed primarily by robust progress throughout all the important thing segments, mentioned the word.

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