We’ve got collated an inventory of suggestions from most sensible brokerage companies from ETNow and different assets:
Goldman Sachs on Cummins India: Impartial | Goal Rs 1450
Goldman Sachs maintained a impartial score on Cummins India with a goal value of Rs 1450. The corporate reported a 61% bounce in consolidated benefit after tax to Rs 348.91 crore within the March 2023 quarter.
“After a powerful quarter, there may well be some uncertainty thereafter,” it mentioned. The worldwide funding financial institution continues to have issues given the majority of the corporate’s trade depends upon Inner Combustion Engines (ICE).
“The control observation at the home call for was once certain with some expansion slowdown in exports,” it added.
Credit score Suisse on Cummins India: Outperform| Goal Rs 1875
Credit score Suisse maintained an outperform score on Cummins India for a goal of Rs 1875. “Cummins nonetheless gives cheap risk-reward within the context of work-mates,” it mentioned.The worldwide funding financial institution is of the view that power transition and company governance issues might ease in long term.
CLSA on Phoenix Generators: Purchase | Goal Rs 1703
CLSA maintained a purchase score on Phoenix Generators with a goal value of Rs 1703. “It stays a powerful play at the discretionary intake call for,” it mentioned.
“The corporate is definitely capitalised to fund expansion past FY27,” ot added. The worldwide funding financial institution estimates a 21% CAGR within the retail apartment source of revenue over FY23-27.
Morgan Stanley on Web page Industries: Obese| Goal Rs 43,068
Morgan Stanley maintained an obese score on Web page Industries with a goal of Rs 43,068. The This autumn efficiency was once weaker, and it neglected estimates.
“The earnings expansion will probably be vulnerable for the following two quarters. Margin restoration must result in earnings expansion,” it mentioned.
(Disclaimer: Suggestions, tips, perspectives, and critiques given through mavens are their very own. Those don’t constitute the perspectives of Financial Instances)
