We’ve collated a listing of suggestions from high brokerage corporations from ETNow and different sources:
Goldman Sachs on Cummins India: Impartial | Goal Rs 1450
Goldman Sachs maintained a impartial ranking on Cummins India with a goal worth of Rs 1450. The corporate reported a 61% soar in consolidated revenue after tax to Rs 348.91 crore within the March 2023 quarter.
“After a powerful quarter, there might be some uncertainty thereafter,” it stated. The worldwide funding financial institution continues to have considerations given the majority of the corporate’s enterprise relies on Inside Combustion Engines (ICE).
“The administration commentary on the home demand was optimistic with some development slowdown in exports,” it added.
Credit Suisse on Cummins India: Outperform| Goal Rs 1875
Credit score Suisse maintained an outperform ranking on Cummins India for a goal of Rs 1875. “Cummins nonetheless provides cheap risk-reward within the context of friends,” it stated.The worldwide funding financial institution is of the view that vitality transition and company governance considerations could ease in future.
CLSA on Phoenix Mills: Purchase | Goal Rs 1703
CLSA maintained a purchase ranking on Phoenix Mills with a goal worth of Rs 1703. “It stays a powerful play on the discretionary consumption demand,” it stated.
“The corporate is properly capitalised to fund development past FY27,” ot added. The worldwide funding financial institution estimates a 21% CAGR within the retail rental revenue over FY23-27.
Morgan Stanley on Web page Industries: Chubby| Goal Rs 43,068
Morgan Stanley maintained an chubby ranking on Web page Industries with a goal of Rs 43,068. The This fall efficiency was weaker, and it missed estimates.
“The income development will probably be weak for the subsequent two quarters. Margin restoration ought to result in income development,” it stated.
(Disclaimer: Suggestions, recommendations, views, and opinions given by consultants are their very own. These don’t signify the views of Financial Occasions)
