Axis Capital maintained a sell rating on IEX and Motilal Oswal has a buy rating on Axis Bank.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Morgan Stanley on Zomato: Overweight| Target Rs 140
Morgan Stanley maintained an overweight rating on Zomato with a target price of Rs 140. The global investment bank sees an upside potential even after the strong outperformance.
Quick Commerce could surprise on the upside. There is room for operating leverage to surprise on the upside in Quick Commerce.
The global investment bank expects a steady performance in the food delivery business.
There is an increasing proportion of mature users in the mix that can drive higher frequency of usage and higher spending per user online.
Zomato has a higher reach and repeat user base vs. the competition.
Nuvama on Supreme Industries: Buy| Target Rs 4959
Nuvama maintained a buy rating on Supreme Industries with a target price of Rs 4959. The company is confident of achieving over 15%+ volume CAGR over the medium term despite a high base.
The focus is on value-added services to drive margins. The company is poised to gain from increased affordability and volume revival.
Axis Capital on IEX: Sell| Target Rs 110
Axis Capital maintained a sell rating on IEX with a target price of Rs 110. The ball is back in the CERC’s court.
The Ministry of Power (MoP) also considers coupling as an enabler of the overall development of the power market.
IEX is confident that coupling implementation would be long drawn affair even if it happens.
Motilal Oswal on Axis Bank: Buy| Target Rs 1150
Motilal Oswal maintained a buy rating on Axis Bank with a target price of Rs 1150. Axis Bank remained focused on building a stronger, consistent, and sustainable franchise.
The bank will see a reduction in capital, due to the introduction of the new Risk Weight Assets regulations; however, the bank is already accreting capital and may catch up the lost capital through internal accruals. And thereby, it may not see a requirement to raise capital in the near term.
The asset quality issues too are behind which will keep the slippages and credit costs under control. NIMs have shown improvement, and the bank believes that it has sufficient levers to maintain healthy margins.
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(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)