Now we have collated a listing of suggestions from high brokerage companies from ETNow and different sources:
Goldman Sachs on M&M: Purchase| Goal Rs 1640
Goldman Sachs maintained a purchase score on M&M with a goal worth of Rs 1640. The worldwide funding financial institution raised FY23/ FY25 EPS estimates by as much as 4%.
It expects investor focus to be on the corporate’s plans for capability growth.
Credit score Suisse on Voltas: Underperform| Goal Rs 800
Credit score Suisse maintained an underperform score on Voltas with a goal worth of Rs 800. Vulnerability in market share and margins persist, it stated.
“The AC phase sees a market share loss, aggressive depth has heightened. Competitors is prone to intensify, and decrease margins are probably within the interim,” it added.
The worldwide funding financial institution slashed 2023/24/25E EPS by 19%/9%/7%.
Jefferies on SRF: Maintain| Goal Rs 2290
Jefferies maintained a maintain score on SRF with a goal worth of Rs 2290. The corporate reported a pointy miss on demand weak point and margin contraction.
“SRF reported Q2 revenues that had been in line. EBITDA got here in 20% beneath estimates. Chemical margins fell 194 bps QoQ,” it stated.
JPMorgan on UltraTech: Impartial| Goal Rs 6125
JPMorgan maintained a impartial score on
Cements with a goal worth of Rs 6125. Administration is assured of the demand outlook.
The worldwide funding financial institution expects margin restoration from Q2 ranges. Gasoline prices ought to stay elevated, and cement worth hikes ought to come by way of, it stated.
(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Occasions)