We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Jefferies on Godrej Properties: Buy| Target Rs 2700
Jefferies maintained a buy rating on Godrej Properties post Q3 results but raised the target price to Rs 2700 from Rs 2635.
Sales surge preceding margin jump. The company reported back-to-back record pre-sales quarters and a strong launch pipeline for Q4.
The company is in range for another 50%+ sales growth this year. Godrej Properties is reaping the benefits of timely land acquisition with ASPs now 52% higher.
CLSA on Britannia Industries: Outperform| Target Rs 5932
CLSA maintained an outperform rating on Britannia Industries with a target price of Rs 5932. The company reported a flattish top line and margins.The demand environment is ‘progressively recovering’ but the competitive intensity is high.
CLSA on TTK Prestige: Underperform| Target Rs 790
CLSA maintained an underperform rating on TTK Prestige but raised the target price to Rs 790 from Rs 730 earlier.
The Q3 results were largely in line with estimates. The festive cheer remained muted.
The company separated the roles of MD and CEO to enable better focus on long-term aspirations.
Jefferies on Bharti Airtel: Buy| Target Rs 1300
Jefferies maintained a buy rating on Bharti Airtel with a target of Rs 1300. Revenue/EBITDA was ahead of estimates. Profits missed estimates.
Improving subscriber mix is driving ARPU which is driving India’s mobile business. However, the Enterprise business came as a disappointment. Capex remains below peak levels.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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