We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Nomura on Bajaj Finserv: Buy| Target Rs 1815
Nomura upgraded Bajaj Finserv to buy from a neutral rating and has also raised the 12-month target price to Rs 1815 from Rs 1700 earlier.
The company is more than just a lending business. Strong business momentum is likely to continue for Bajaj Finance (BAF).
Life Insurance is the fastest-growing franchise. General Insurance’s focus is on profitable growth. Almost 80% of the value for Bajaj Finserv is driven by Bajaj Finance itself.
Nomura on Birlasoft: Buy| Target Rs 610
Nomura initiated coverage on Birlasoft with a target of Rs 610. The ongoing organization changes are likely to drive stability and revenue growth.The company has made significant improvements in its business metrics over the years. “We expect clarity on the $1 billion revenue target to come in soon,” said the note.
The global brokerage firm expects Birlasoft to head towards industry-leading growth in the medium term.
Jefferies on Kfin Technologies: Buy| Target Rs 500
Jefferies initiated coverage on Kfin Technologies with a target price of Rs 500. The domestic opportunity rides on financialisation of savings and growing market share. The International & alternatives are at new growth avenues.
Geojit on V-Guard Industries: Accumulate| Target Rs 363
Geojit maintained an accumulated rating on V-Guard Industries with a target price of Rs 363.
V-Guard Industries Ltd. (VGIL) is one of the leading players in the electrical consumer durables space. Major product segments include Stabilizers, Cables & Wires, UPS, Pumps, and Electrical Appliances.
We remain positive on the stock on account of its increasing share of manufacturing, expanding product portfolio, growth momentum in consumer durables, and further scale-up in the non-south market.
“We value VGIL at a P/E of 42x on FY25E, and given the strong earnings outlook and healthy balance sheet, we maintain an Accumulate rating with a target price of Rs.363,” said the note.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)