Kotak Institutional Equities has an add score on Nestle India and HDFC AMC submit March quarter outcomes.
We have now collated a listing of suggestions from prime brokerage companies from ETNow and different sources:
JPMorgan on Bajaj Auto: Chubby | Goal Rs 5,150
JPMorgan maintained an chubby score on Bajaj Auto with a goal worth of Rs 5150. “Export wholesales have trailed retail for 15 months. The EV quantity momentum generally is a re-rating set off,” stated the be aware.
The worldwide funding financial institution reiterates an chubby score on the inventory.
It raised FY24-25E EPS by 4-5% to issue the margin beat, and elevated valuation a number of to 18x P/E (vs. 16x).Motilal Oswal on Apollo Hospitals: Purchase | Goal Rs 5,580
Motilal Oswal maintained a purchase score on Apollo Hospitals with a goal worth of Rs 5580. The home brokerage agency expects a 20%/27% gross sales/EBITDA CAGR over FY23-25 for APHS.
“We met with Ms. Sunita Reddy, MD, Apollo Hospitals (APHS), to know the corporate’s enterprise outlook intimately,” stated the be aware.
“Ms. Reddy has reiterated the corporate’s dedication to lowering the losses in Healthco to zero by 4QFY24, thereby bettering the general profitability of APHS. APHS is making efforts to enhance margins in new hospitals by optimizing the case combine and offering high-end tertiary remedy,” it added.
Kotak Institutional Equities on Nestle India: Add | Goal Rs 22,250
Kotak Institutional Equities has an add score on Nestle India submit This autumn with a goal worth of Rs 22,250. Nestle reported a 21% year-on-year (YoY) progress in income pushed by 5%/+7.5% progress in tonnage/quantity combine.
“Nestle is well-positioned to (1) ship industry-leading progress given its sturdy model/product portfolio, thrust on capability enlargement and rural penetration, and (2) surpass pre-pandemic EBITDA margin as RM inflation (dairy) ultimately eases,” it stated.
Kotak Institutional Equities on HDFC AMC: Add | Goal Rs 1860
Kotak Institutional Equities maintained an add score on HDFC AMC with a goal worth of Rs 1860.
“HDFC AMC’s outcomes point out steady enchancment in working metrics similar to a market share in fairness AUM and SIP flows, supported by top-quartile fund efficiency,” it stated.
(Disclaimer: Suggestions, options, views, and opinions given by consultants are their very own. These don’t symbolize the views of Financial Instances)