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We now have collated an inventory of suggestions from prime brokerage companies from ETNow and different sources:
Jefferies on Dalmia Bharat: Purchase| Goal Rs 2060
Jefferies maintained a purchase ranking on Dalmia Bharat for a goal of Rs 2,060. The {industry} progress is more likely to stay robust led by the East.
The corporate targets industry-leading quantity progress within the close to future. A turnaround in east profitability is vital, it mentioned. “With quantity progress/price management, Dalmia is a powerful mid-cap cement play,” mentioned the observe.
CLSA on Paytm: Purchase| Goal Rs 650
CLSA upgraded Paytm to purchase with a goal value of Rs 650. Value correction makes risk-reward beneficial, in response to the brokerage.
A number of traders counsel some discomfort or uncertainty on scaling up the lending enterprise. The worldwide funding financial institution means that the inventory warrants a glance now.
“Money burn ought to finish in one other 4-6 quarters. The important thing near-term threat is sustained promoting by pre-IPO traders,” mentioned the observe.
Morgan Stanley on Zomato: Obese| Goal Rs 92
Morgan Stanley maintained its obese ranking on Zomato with a goal value of Rs 92.
Amazon’s exit from meals supply in India highlights high-entry limitations, it mentioned, including that the worldwide meals supply market is dominated by vertical specialists relatively than horizontal.
“We consider excessive exit multiples could be supported when the corporate achieves regular state margins,” mentioned the observe.
(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t characterize the views of Financial Occasions)
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