We’ve got collated a listing of suggestions from prime brokerage companies from ETNow and different sources:
Citigroup on Star Well being: Promote| Goal Rs 670
Citigroup initiated protection on Star Well being with a promote ranking and a goal worth of Rs 670.
The worldwide funding financial institution believes that the present valuations are at 7.2x FY24E P/B, 46.4x P/E. The valuations don’t absolutely worth in headwinds akin to strain on new enterprise, stated the word.
It sees danger to regulatory arbitrage in distribution.
Morgan Stanley on Bajaj Finance: Chubby| Goal Rs 8500
Morgan Stanley maintained an obese ranking on Bajaj Finance with a goal worth of Rs 8500.
Bajaj Finance reported a robust Q1, and the worldwide funding financial institution is of the view that the outlook is robust.
The inventory is just not low-cost, however we see a robust earnings cycle forward, stated the word.
It sees asset underneath administration (AUM) development accelerating to 30 per cent+ for unsecured shopper finance.
Credit score Suisse on ICICI Lombard: Outperform| Goal Rs 1430
Credit score Suisse maintained an outperform ranking on ICICI Lombard with a goal worth of Rs 1430.
IRDAI has allowed insurers to launch merchandise with prior approvals. The worldwide funding financial institution sees higher infrastructure to assist the fast rollout of latest merchandise.
IRDAI is transferring in direction of a extra supervisory position. The worldwide funding financial institution expects a slew of rules to be within the pipeline.
(Disclaimer: Suggestions, ideas, views and opinions given by the consultants are their very own. These don’t characterize the views of Financial Occasions)