We’ve collated a listing of suggestions from prime brokerage corporations from ETNow and different sources:
JPMorgan on Hospital shares: Initiated protection on Apollo Hospitals, Fortis
JPMorgan initiated protection on Apollo Hospitals with an chubby score and a goal worth of Rs 5950.
The worldwide funding financial institution initiated protection on Fortis Healthcare with an chubby score and a goal worth of Rs 355. It initiated protection on Max Healthcare with a impartial score and a goal worth of Rs 620.
JPMorgan initiated protection on World Well being with a impartial score and a goal worth of Rs 710.
“Secular development and provide challenges provide promising development prospects. Sustained demand, and occupancy at close to optimum stage necessitates enlargement. Profitability improved and is prone to be sustained sooner or later,” it mentioned.
The worldwide funding financial institution expects 19% EBITDA CAGR over FY23-26.
InCred on HEG: Provoke protection with a Add score| Goal Rs 2462
InCred initiated protection on HEG with an add score and a goal worth of Rs 2462. “The decline within the US metal stock and new EAFs present development visibility,” it mentioned.
“The worldwide decarbonization development is yet one more constructive for HEG. There are important entry limitations to guard margins,” it added.
Morgan Stanley on Tata Chemical compounds: Downgrade to Equal-Weight| Goal Rs 916
Morgan Stanley downgraded Tata Chemical compounds to equal weight with a goal worth of Rs 916. “Deflationary vitality costs are hurting low-cost producers,” the brokerage mentioned.
“Vitality costs drive a major earnings downgrade cycle. Soda ash fundamentals are prone to soften as new capability ramps up,” it added.
The worldwide funding financial institution slashed FY24 and FY25 estimates 5% and 6% respectively.
Morgan Stanley on Indigo: Chubby| Goal Rs 3126
Morgan Stanley maintained an chubby score on InterGlobe Aviation with a goal worth of Ts 3126.
“All key earnings drivers are transferring favorably. The near-term revenue per seat may hit a cyclical excessive. On normalised earnings and median a number of, see 33% upside,” it mentioned.
Jefferies on Dalmia Bharat: Purchase| Goal Rs 2490
Jefferies maintained a purchase score on Dalmia Bharat with a goal worth of Rs 2490. The worldwide funding financial institution expects a third yr of robust 7-9% business development in FY24.
“With a drop in vitality prices, business margins are set to enhance. Dalmia capability goal at 47/75/110-130 mtpa by FY24/2027/2031. The corporate targets to maintain internet debt to EBITDA <= 2x,” it mentioned.
(Disclaimer: Suggestions, options, views, and opinions given by consultants are their very own. These don’t signify the views of the Financial Instances)