We have now collated an inventory of suggestions from prime brokerage companies (Supply: ETNow):
Morgan Stanley on Tata Elxsi: Underweight | Goal Worth: Rs 5,800
Morgan Stanley has maintained its underweight score on the inventory with a goal worth of Rs 5,800 over combined demand outlook throughout verticals – autos sturdy, media weak.
The worldwide funding banker mentioned that margins declines led by investments and normalisation of prices whereas pricing is secure.
Morgan Stanely on Tata Motors: Obese | Goal Worth: Rs 502
The worldwide brokerage agency has maintained its obese view on Tata Motors with a goal worth of Rs 502 regardless of the resignation of Jaguar Land Rover (JLR) CEO. Adrian Mardell shall be interim CEO.
Morgan Stanley will proceed to watch JLR’s free money circulate enhancements and believes free money circulate is the important thing within the de-leveraging story.
Morgan Stanley on Oberoi Realty: Equalweight | Goal Worth: Rs 885
The worldwide brokerage agency stays equalweight on Oberoi Realty with a goal worth of Rs 885 because it sees rate of interest influence on residential demand is to date restricted.
“Thane launches from the corporate are prone to launch within the subsequent quarter,” it added. “The corporate can probably generate Rs 1,500 crore income every year from the venture over subsequent 10 years.”
Jefferies on Home First Finance: Purchase | Goal Worth: Rs 900
World brokerage agency Jefferies has initiated its protection Residence First Finance with a purchase score and a goal worth of Rs 900. It finds the corporate among the many quickest rising inexpensive housing finance corporations.
Jefferies expects the corporate to ship 30% mortgage CAGR over FY22-25 by increasing distribution and leveraging superior productiveness in the course of the interval.
Jefferies on cement stocks
The brokerage mentioned that the worst appears behind us. Previous 4 quarters have been difficult for the cement sector. “Majority of administration indicated that prices for Q3FY23 are prone to be flat/declining,” it mentioned.
Cement pricing pattern for Q3 to date is encouraging/constructive. “Quantity progress for the previous two quarters has turned sturdy and we count on the pattern to proceed,” it added.
(Disclaimer: Suggestions, options, views and opinions given by the consultants are their very own. These don’t signify the views of Financial Occasions)
