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We have compiled a list of recommendations from brokers from ETNow and other sources:
Jefferies on Suzuki: Buy| Target 12,000 Rs
Jefferies maintained a buy rating on Maruti Suzuki post Q2 results with a price target of Rs 12,000. It is said that Maruti has beaten the forecast. The global investment bank raised FY23-25E EPS by 3-8% and was above Street estimates by 13-21%.
DAM Capital on Tata Power: Buy| Target 261 rupees
DAM Capital maintained a buy rating on Tata Power with a target price of Rs 261 after the September quarter results.
“The company reported a strong quarter boosted by higher coal prices. Mundra reported a weaker quarter. Renewables business continues to witness momentum. There is little room for upside after recent price increases,” it said.
Citigroup on Vedanta: Sale| Target 215 Rs
Citigroup maintained a sell rating on Vedanta with a target of Rs 215.
The LME outlook in the short term looks to be off as Q2 EBITDA fell ~25% QoQ on weak commodity prices, Citi said.
“Dividend yields remain attractive. The outlook for aluminum and zinc is fairly off,” it added.
Jefferies on Bandhan Bank: Buy| Target 340 baht
Jefferies maintains a Buy rating on Bandhan Bank with a target price of Rs 340.
“Weaker asset quality trends led to declines. Global investment banks see growth in loans and CASA. Credit costs rise due to lower recovery from this pool, and return on equity (ROE) should return to 20% from FY24.
(Disclaimer: Advice, recommendations, opinions and opinions of experts are my own. These do not reflect the opinion of Economic Times)
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