We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Jefferies on Adani Enterprises: Buy| Target Rs 3800
Jefferies initiated coverage on Adani Enterprises with a buy rating and a target price of Rs 3800. The company has a track record of a strong business incubator.
The global investment bank sees 47%/50% CAGR for Airport/ANIL EBITDA over FY24-FY28. The balance sheet is well-placed to take up the rise in capex.
Regulatory overhang is largely behind. The company is riding on the strong industry tailwinds in New Energy/sustainability, Airports, Infra, digitalisation, and import substitution in India.
Morgan Stanley on Wipro: Underweight| Target Rs 460
Morgan Stanley maintained an underweight rating on Wipro with a target price of Rs 460. The company announced the acquisition of Aggne Global.
The global investment bank sees this as a tuck-in acquisition that is expected to strengthen Wipro’s capabilities in the insurance sector.
The revenue base is not meaningful relative to the size of Wipro for the acquired company.
Nomura on Eicher Motors: Neutral| Target Rs 3760
Nomura maintained a neutral rating on Eicher Motors but raised the target price to Rs 3760 from Rs 3640 earlier.The Q3 was in line with estimates amid slowing retail and rising competition. The global investment bank is of the view that competition could impact more in FY25.
The success of new launches can drive up ASPs further.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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