Now we have collated an inventory of suggestions from prime brokerage corporations from ETNow and different sources:
Motilal Oswal on KNR Development: Purchase| Goal Rs 310| LTP Rs 247| Upside 26percentMotilal Oswal maintained its purchase score on KNR Development with a goal worth of Rs 310 which interprets into an upside of 26% from Rs 247 recorded on 29 December.
“The corporate has a powerful order pipeline to tender a brilliant prospect. A sturdy open tender pipeline is probably going to supply important alternative for KNR,” mentioned the observe.
The order guide place is wholesome regardless of weak order inflows to this point, the brokerage added.
Equirus on Go Trend: Provoke Lengthy| Goal Rs 1493| LTP Rs 1165| Upside 28percentEquirus initiated protection on
with a Lengthy name and a goal worth of Rs 1493 which interprets into an upside of 28% from Rs 1165 recorded on 29 December.
Go Trend is without doubt one of the largest gamers in girls’s backside put on. The home brokerage agency sees girls’s bottom-wear to develop at a 12% CAGR over FY20-FY25E.
Superior and scalable retailer economics ought to facilitate strong progress, mentioned the observe.
Phillip Capital on Bandhan Financial institution: Purchase| Goal Rs 330| LTP Rs 236| Upside 40percentPhillip Capital initiated protection on Bandhan Financial institution with a purchase score and a goal worth of Rs 330 which interprets into an upside of 40% from Rs 236 recorded on 29 December.
Rural demand is probably going to enhance due to moderating shopper worth inflation, sustained financial progress, anticipated budgetary push, and migration of the agricultural inhabitants again to city areas (which might improve remittances from city to rural India), it mentioned.
Bandhan Financial institution is present process a metamorphosis – each when it comes to loans and geographical combine. The modifications will de-risk the financial institution’s balance-sheet from socioeconomic shocks and supply larger visibility to its earnings, mentioned the observe.
(Disclaimer: Suggestions, recommendations, views and opinions given by the specialists are their very own. These don’t characterize the views of Financial Instances)
