We’ve collated a listing of suggestions from high brokerage corporations from ETNow and different sources:
BofA Securities on : Purchase| Goal Rs 2805
BofA Securities maintained a purchase score on Reliance Industries with a goal worth of Rs 2805. The inventory closed at Rs 2596 on 30 August.
The chance-to-reward is beneficial at present ranges. The main focus of the corporate has shifted extra in the direction of capex, and there may be restricted visibility on worth unlocking occasions, mentioned the be aware.
BofA Securities on Eicher Motors: Purchase| Goal Rs 3900
BofA Securities maintained purchase score on Eicher Motors with a goal worth of Rs 3900. The inventory closed at 3285 on 29 August.
Margin issues are exaggerated, and development is lastly coming again at Royal Enfield, mentioned the be aware.
JPMorgan on Cholamandalam Funding: Underperform| Goal Rs 600
JPMorgan initiated protection on with an underweight score and a goal worth of Rs 600. The inventory closed at Rs 786 on 29 August.
The worldwide funding financial institution expects earnings to disappoint over FY23/24. There may be competitors from banks that may drive margin compression, mentioned the be aware.
It believes that markets have ascribed a major valuation premium to the inventory.
(Disclaimer: Suggestions, options, views and opinions given by the specialists are their very own. These don’t symbolize the views of Financial Occasions)
We’ve collated a listing of suggestions from high brokerage corporations from ETNow and different sources:
BofA Securities on : Purchase| Goal Rs 2805
BofA Securities maintained a purchase score on Reliance Industries with a goal worth of Rs 2805. The inventory closed at Rs 2596 on 30 August.
The chance-to-reward is beneficial at present ranges. The main focus of the corporate has shifted extra in the direction of capex, and there may be restricted visibility on worth unlocking occasions, mentioned the be aware.
BofA Securities on Eicher Motors: Purchase| Goal Rs 3900
BofA Securities maintained purchase score on Eicher Motors with a goal worth of Rs 3900. The inventory closed at 3285 on 29 August.
Margin issues are exaggerated, and development is lastly coming again at Royal Enfield, mentioned the be aware.
JPMorgan on Cholamandalam Funding: Underperform| Goal Rs 600
JPMorgan initiated protection on with an underweight score and a goal worth of Rs 600. The inventory closed at Rs 786 on 29 August.
The worldwide funding financial institution expects earnings to disappoint over FY23/24. There may be competitors from banks that may drive margin compression, mentioned the be aware.
It believes that markets have ascribed a major valuation premium to the inventory.
(Disclaimer: Suggestions, options, views and opinions given by the specialists are their very own. These don’t symbolize the views of Financial Occasions)
