We’ve compiled a listing of suggestions from high brokerage corporations from ETNow and different sources:
CLSA assesses Jubilant Foodworks: Underperform Goal value: Rs 445
CLSA maintained its “underperform” score on Jubilant Foodworks and lowered its goal value to Rs 445 from Rs 454.
The corporate reported gross sales in keeping with expectations, however Ebitda/PAT was decrease than anticipated. Shift errors from dine-in to meals supply had been additionally found. The primary purpose for the decline in revenue margins is the shift from dine-in to supply. Popeye’s shops convey continued good development to DP Eurasia.
Jefferies on Trent: Maintain | Goal value: Rs 5,750
Jefferies maintained its maintain score on Trent whereas elevating its goal value to Rs 5,750 from Rs 4,150.
Income grew within the first quarter and revenue margins had been sturdy. Retailer additions had been weak, with a good greater internet closure price at Westside and subpar additions at Zudio. LFL’s sturdy revenue margin enlargement drove vital revenue development. The board of administrators additionally authorised the acquisition of twenty-two% stake in Zara India at an affordable valuation of Rs 500 cr, which was stunning. Whereas development momentum stays sturdy, costly valuations maintain us on the sidelines.
Citigroup on Grasim: Purchase | Goal Worth: Rs 3,250
Citi maintained its purchase score and raised the goal value to Rs 3,250 from Rs 3,000.
The primary quarter was impacted by paint loss as advertising remained the main focus. Within the medium time period, holding firm reductions ought to slender. Coatings (Birla Opus): Grasim hopes to exit FY25 with excessive single-digit market share.
Jefferies view on Honasa: Purchase | Goal value: Rs 545
Jefferies maintained its purchase score on Honasa and lowered the goal value to Rs 545 from Rs 590.
Total, the primary quarter was higher than anticipated, however income development fell in need of expectations. Intense competitors and upcoming stock changes are main unfavorable elements. Within the medium time period, income is anticipated to develop by 20% and revenue margins to broaden by 150 foundation factors. Jefferies nonetheless believes volatility will persist provided that Honasa continues to be within the early phases of improvement.
Siemens’ Kotak Inventory: Promote | Goal Worth: Rs 4,600
Kotak Equities maintained its promote name on the inventory whereas decreasing the goal value to Rs 4,600 from Rs 4,900.
First-quarter PAT was considerably beneath expectations, opposite to latest execution and margin positive aspects. The euphoric part seems to be short-lived and the rise in orders might assist revive the weak backlog and enhance lagging execution. The development of underperformance in comparison with most popular ABB continues.
(Disclaimer: The recommendation, recommendations, views and opinions given by specialists are private and don’t symbolize the views of The Financial Occasions)
