Now we have collated an inventory of suggestions from high brokerage companies from ETNow and different sources:
Goldman Sachs on IndusInd Financial institution: Purchase| Goal Rs 1681
Goldman Sachs maintained a purchase ranking on IndusInd Financial institution with a goal value of Rs 1,681. The Q1 numbers had been in-line with estimates. It’s a sturdy play on industrial retail uptick progress.
The worldwide funding financial institution stays constructive on IndusInd Financial institution. It sees it delivering core PPOP progress of 21% CAGR over FY23-26.
HSBC on Titagarh Wagons: Provoke Purchase| Goal Rs 730HSBC initiated protection on Titagarh Wagons with a purchase ranking and a goal value of Rs 730. India’s plan to place extra freight on its rails offers a compelling alternative for Titagarh.
Order prospects from the metro section are additionally vivid given the massive pipeline of metros underneath development.For greater than half of the under-construction metro tasks, rolling inventory orders are but to be awarded.The worldwide funding financial institution expects Titagarh to ship a income CAGR of almost 30% in 30% in FY23-26.
It expects the EPS to greater than double over the subsequent three years with a high-teens ROE of 18%. Even after the current rally, HSBC believes that the present 26x FY25 valuation underappreciates the stable progress outlook.
Jefferies on Polycab India: Purchase| Goal Rs 4835Jefferies maintained a purchase ranking on Polycab India with a goal value of Rs 4835. Constant and robust execution is pushed by higher volumes and margins in Cables & Wires.
The worldwide funding financial institution views Polycab as a powerful play on Indian capex and housing. It additionally raised FY24-26e EPS by 6-7%.
CLSA on ICICI Lombard: Purchase| Goal Rs 1550
CLSA maintained a purchase ranking on ICICI Lombard with a goal value of Rs 1550. The corporate delivers greater than trade progress and a wholesome mixed ratio enchancment.
Fee and different bills change locations and expense ratio inside vary.
(Disclaimer: Suggestions, options, views, and opinions given by consultants are their very own. These don’t signify the views of the Financial Occasions)
