We now have collated an inventory of suggestions from prime brokerage corporations (Supply: ETNow):
Morgan Stanley on Tata Elxsi: Underweight | Goal Value: Rs 5,800
Morgan Stanley has maintained its underweight ranking on the inventory with a goal worth of Rs 5,800 over blended demand outlook throughout verticals – autos sturdy, media weak.
The worldwide funding banker stated that margins declines led by investments and normalisation of prices whereas pricing is secure.
Morgan Stanely on Tata Motors: Chubby | Goal Value: 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 will likely be interim CEO.
Morgan Stanley will proceed to watch JLR’s free money circulation enhancements and believes free money circulation is the important thing within the de-leveraging story.
Morgan Stanley on Oberoi Realty: Equalweight | Goal Value: Rs 885
The worldwide brokerage agency stays equalweight on Oberoi Realty with a goal worth of Rs 885 because it sees rate of interest affect on residential demand is up to now restricted.
“Thane launches from the corporate are more likely to launch within the subsequent quarter,” it added. “The corporate can doubtlessly generate Rs 1,500 crore income each year from the undertaking over subsequent 10 years.”
Jefferies on Dwelling First Finance: Purchase | Goal Value: Rs 900
International brokerage agency Jefferies has initiated its protection Dwelling First Finance with a purchase ranking and a goal worth of Rs 900. It finds the corporate among the many quickest rising inexpensive housing finance firms.
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 shares
The brokerage stated that the worst appears behind us. Previous 4 quarters had been difficult for the cement sector. “Majority of administration indicated that prices for Q3FY23 are more likely to be flat/declining,” it stated.
Cement pricing pattern for Q3 up to now is encouraging/optimistic. “Quantity progress for the previous two quarters has turned sturdy and we count on the pattern to proceed,” it added.
(Disclaimer: Suggestions, solutions, views and opinions given by the consultants are their very own. These don’t signify the views of Financial Occasions)