We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
HSBC on FoodWorks: Buy| Target Rs 750
HSBC maintained a buy rating on Jubilant FoodWorks with a target of Rs 750.
Jubilant is aggressively scaling up its Domino’s network, HSBC said, adding that its long-term investment case is quite appealing.
Market do fear that margins may slip in the near term, it said.
Credit Suisse on Apollo Hospitals: Outperform| Target Rs 5100
Credit Suisse retained the outperform rating on Apollo Hospitals with a target price of Rs 5100. Apollo 24/7 is scaling up to a leadership position in digital health, said Credit Suisse.
E-pharmacy app downloads maintain strong momentum while Apollo 24/7 and RIL-Netmeds are gaining share which is a positive sign, it added.
“Apollo’s physical network lends a distinct advantage. Going forward, easing of discounting level would benefit MedPlus in the near term. Apollo has the balance sheet strength,” said the note.
HSBC on Delhivery: Buy| Target Rs 455
HSBC maintained its buy rating on Delhivery with a target price of Rs 455. The company reported consecutive weak quarters that have shattered the Street’s confidence.
“We believe that the e-commerce industry growth has slowed down in India,” said the note. Delivery business is predominantly an operating leverage story, it added.
JPMorgan on Tata Motors: Neutral| Target Rs 410
JPMorgan maintained a neutral rating on Tata Motors with a target price of Rs 410. JLR retails is beginning to grow on a low base price, it said.
“JLR outperforms peers in China imports. Europe sees underperformance, while US sales were in line with estimates. Product mix remains strong, and China’s contribution is steady,” said the note.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)