We now have collated an inventory of suggestions from prime brokerage corporations from ETNow and different sources:
JPMorgan on Apollo Tyres: Chubby| Goal Rs 370
JPMorgan maintained an chubby score on Apollo Tyres with a goal worth of Rs 370. The worldwide funding financial institution slashed FY24-25 EPS by 2-3% to consider barely decrease quantity progress in India.
Our forecasts are 5-19% above consensus, mentioned the word. The alternative demand progress was weaker than anticipated, it mentioned.
Citi on ONGC: Promote| Goal Rs 130
Citi maintained a promote score on ONGC with a goal worth of Rs 130. Oil and gasoline manufacturing traits remained gentle, it mentioned.
Manufacturing progress traits and gasoline pricing developments are key developments to be careful for, Citi analysts added.
CLSA on Delhivery: Purchase| Goal Rs 532
CLSA upgraded Delhivery to purchase with a goal worth of Rs 532. The long-term progress outlook stays intact, mentioned CLSA.
“Adjusted EBITDA margin improved by 550 bps QoQ. A pickup in PTL and Specific parcel quantity is probably going to assist enhance adjusted EBITDA,” mentioned the word.
Goldman Sachs on Biocon: Purchase| Goal Rs 350
Goldman Sachs maintained a purchase score on Biocon with a goal worth of Rs 350. Gross sales/EBITDA grew +26%/+6% on a YoY foundation.
The topline progress is pushed primarily by robust progress throughout all the important thing segments, mentioned the word.
(Disclaimer: Suggestions, ideas, views and opinions given by the consultants are their very own. These don’t symbolize the views of Financial Occasions)