We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
CLSA on Bharti Airtel: Buy| Target Rs 1030
CLSA maintained a buy rating on Bharti Airtel with a target price of Rs 1030. Q1 India revenue and Ebitda were ahead of estimates.
The telecom major recorded its highest-ever post-paid subscriber gains. There is substantial growth seen in the home broadband and Airtel enterprise businesses.
Bharti stock has a highly favorable risk-to-reward ratio.
Macquarie on Nykaa: Underperform| Target Rs 115
Macquarie maintained an underperform rating on Nykaa with a target price of Rs 115. There is another round of senior management exits at Nykaa.
The global investment bank is of the view that such exits pose a risk to the growth journey of the company.CLSA on Ambuja Cements: Sell| Target Rs 395
CLSA maintained a sell rating on Ambuja Cements with a target price of Rs 395. The acquisition of Sanghi is at an attractive valuation.
The global investment bank sees enough scope for efficiency improvement. The acquisition would raise consolidation in the industry, but high-capacity expansion across the players could keep cement prices lower for longer.
JPMorgan on Gujarat Gas: Underperform| Target Rs 350
JPMorgan maintained an underperform rating on Gujarat Gas with a target price of Rs 350. There was a large miss in Q1 across all fronts, as QoQ volume growth came at the cost of margin compression.
The global investment bank expects margin and volume volatility to remain. It is factoring in earnings miss and volatile outlook but slashed FY24 earnings by 13%.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)