paytm shares: Hot Stocks: Know what brokerages say on Paytm, SJVN and Century Ply

A host of important triggers are likely to have an impact on Paytm, SJVN, and Century Ply. While Macquarie has retained a neutral stance on Paytm after the management meeting, Goldman Sachs has downgraded SJVN’s rating but increased the price target. As for Century, domestic brokerage Spark Capital has revised the ratings upwards while hiking its price targets.

We have collated a list of recommendations from top brokerage firms from ETNow:

Macquarie on Paytm | Target: Rs 900
Brokerage Macquarie has maintained a neutral view on One 97 Communications stock. The company operates the fintech platform Paytm. The view comes following an analyst meeting done by the company. It puts the target price at Rs 900. The decision to recalibrate the lending portfolio was a pre-emptive measure, Macquarie said, while adding that there is no asset quality deterioration in the post-paid or the personal loan segment. As for products such as post-paid loans, the impact is negligible owing to the short tenor (up to 30 days) of the product, it said further. Earlier, it also increased ticket sizes for good-quality customers and has not faced any concerns on asset quality.

In the payments space, management expects merchants and customers to remain sticky given the service proposition, the Australian global financial services company said.

Goldman Sachs on SJVN: Sell | Target: 65
Goldman Sachs has the stocks from an earlier buy stance to sell now though it has hiked the price target to Rs 65 from Rs 57.5. The delay in large plants commissioning to hit FY25E earnings, Goldman said in its stock review. The Renewable Energy Implementation Agency (REIA) business could add 3-13% to the target price but may likely stress the balance sheet of the company. The risk-to-reward is unfavorable despite a 13% rise in the target price. The stock is trading above the bull case scenario, the brokerage said.

Spark Capital on Century Ply: Buy | Target: Rs 925
The brokerage has upgraded the stock to buy from reduce and hiked the target price to Rs 925 from Rs 600, earlier. The company is ready to commence capacities in high- growth segments-MDF, laminates, and particle board. The MDF utilisation and margins are likely to bottom out in FY24E and the current margin trajectory will sustain, the brokerage noted.

The worst is over for the timber pricing cycle in Spark Capital’s view and easing raw material inflation (timber/adhesives) is likely to boost the company’s margins in plywood & laminates, this brokerage said.

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)