We now have collated an inventory of suggestions from prime brokerage corporations from ETNow and different sources:
BofA Securities on Muthoot Finance: Purchase| Goal Rs 1200
BofA Securities maintained a purchase score on Muthoot Finance with a goal of Rs 1200.
“Earnings had been largely according to estimates. Development was supported by greater gold costs. FY24 steering is over 15%+ AUM development,” it mentioned.
The worldwide funding financial institution hikes earnings by 1-3% to think about improved AUM development forecasts.
BofA on Bandhan Financial institution: Impartial| Goal Rs 280
BofA Securities maintained a impartial score on Bandhan Financial institution with a goal value of Rs 280. “The restoration within the mortgage development was led by retail and business companies,” it mentioned.
The brokerage mentioned that there’s potential for a short-term upside, however sustained re-rating would possibly take longer.
BofA Securities on Zomato: Improve to Purchase| Goal Rs 85
BofA Securities upgraded Zomato to purchase with a goal value of Rs 85 put up March quarter outcomes.
“The corporate displayed a robust execution on value management. Sustained cost-control and income restoration set the trail for re-rating,” it mentioned.
“Bettering the visibility of internet revenue profitability is a optimistic signal,” it added.
BofA Securities on Divi’s Laboratories: Impartial| Goal Rs 3250
BofA Securities maintained a impartial score on Divi’s Laboratories with a goal value of Rs 3250.
“The This fall margin lagged expectation given moderation within the uncooked materials/freight prices, the contribution from a high-margin product, and improved working leverage,” it mentioned.
The worldwide funding financial institution mentioned that the margin doesn’t mirror the income development, and a significant restoration is probably going in H2.
Morgan Stanley on Delhivery: Chubby| Goal Rs 370
Morgan Stanley maintained an obese score on Delhivery with a goal value of Rs 370 put up March quarter outcomes. The corporate’s income missed Morgan Stanley’s estimate barely.
“The adjusted EBITDA turned optimistic vs. the expectation of a loss which is a optimistic signal. The administration expects enterprise momentum to proceed in FY24 as nicely,” it mentioned.
(Disclaimer: Suggestions, options, views, and opinions given by specialists are their very own. These don’t signify the views of Financial Instances)