We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
BofA Securities on Nykaa: Neutral | Target Rs 160
BofA Securities downgraded Nykaa to neutral after its Q1 miss and slashed its target price to Rs 160 from Rs 175 earlier.
Slowing growth is a sign of concern. The downside risk remains if competition pressure increases.
The pace of margin to be slower going ahead. The stock is fairly valued.
The global investment bank slashed FY23-26 EPS by 17-39%, multiple cuts from 15x to 13x.
CLSA on Adani Ports: Target Rs 878
CLSA remained positive on Adani Ports with a target of Rs 878. The global investment bank continues to see Adani Ports as a buying opportunity.
The stock is trading at a discount despite robust traffic growth. The independent audit committee is fully confident of resolving audit issues by Sep 23.
Motilal Oswal on Apollo Hospitals: Buy| Target Rs 5700
Motilal Oswal maintained a buy on Apollo Hospitals with a target price of Rs 5700. Apollo Hospitals (APHS) delivered operationally in-line 1QFY24.
“We remain positive on APHS due to: a) its sustained healthy growth/ profitability in healthcare services, and b) efforts to achieve breakeven in Healthco during 4QFY24E,” said the note.
Motilal Oswal on Life Insurance Corporation: Buy| Target Rs 850
Motilal Oswal maintained a buy rating on Life Insurance Corporation with a target price of Rs 850.
In 1QFY24, LIC’s renewal premium rose 6.7% year-0n-year (YoY) to Rs 53,600 crore, while the first-year premium and single premium declined 8.3% and 6.7%.
Total individual premium increased 4.6% YoY to Rs 62,800 cr, while total group premium was down 7.2% YoY during the quarter.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Denial of responsibility! SamacharCentrl is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.