INSUBCONTINENT EXCLUSIVE:
Good morning!
The domestic stock market on Thursday showed early signs of a possible breakout from its consolidation range
trade, here is a compilation of overnight analyst calls on various stocks.
Motilal Oswal has initiated coverage on
Essel Propackwith a buy rating and target price of Rs 210
Essel Propack is set to benefit from various expansion measures and efforts to improve its product mix across geographies over the last two
years, said Motilal Oswal
Operating leverage benefits are likely to kick in with ramp-up of operations, particularly in the Americas and Europe, the brokerage said
Shares of Essel Propack ended up 8 per cent at Rs 173.50 on Wednesday.
Investec Securities has initiated coverage on
Aditya Birla Capital with a buy rating and target price of Rs 135
The brokerage derives comfort from the company's a) strong risk management, b) low cost of funds, and c) professional management
Further, group synergies are significant and provide a strong platform to its subs on brand, distribution and risk, said Investec
Return on equity expansion in lending subsidiares is key to value creation over the medium term, with asset quality deterioration a notable
Shares of Aditya Birla Capital ended down 3 per cent at Rs 75.50 on Wednesday.
Jefferies has a buy rating on
Syngene International with a target price of Rs 350
The company's FY20 growth has been lower due to slower ramp-up of biologics manufacturing, said Jefferies
Syngene remains well placed to gain market share and see strong earnings traction over the medium term, said Jefferies
Shares of Syngene International ended up 1.7 per cent at Rs 298.65 on Wednesday.
Emkay Global has maintained buy rating on
Britannia Industries with a target price of Rs 3,500
The recent stock underperformance and improving margin outlook provide a good entry opportunity, said Emkay Global
Valuations at 39 times FY22 estimated earnings per share (EPS) are attractive versus peers, said Emkay
Shares of Britannia Industries ended up 1.2 per cent at Rs 3,062.90 on Wednesday.
HSBC has maintained buy rating on
Phoenix Mills and raised target price to Rs 1,110 from Rs 1,000
The brokerage expects rental growth to remain strong on ramp up of Palladium, Chennai, and start-up of Lucknow mall
This should drive consolidated rental growth of 15 per cent over the next five years (FY20-25) as against 11 per cent during FY14-19 as new
malls come on-stream, said HSBC
Shares of Phoenix Mills ended up 3.9 per cent at Rs 864.35 on