We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Goldman Sachs on Dr Lal PathLabs: Sell| Target Rs 2200
Goldman Sachs maintained a sell rating on Dr Lal PathLabs with a target price of Rs 2200. The company reported a subdued volume growth and the trend continues.
Patient volume growth remains meaningfully below pre-Covid levels. The global investment bank hikes FY24-26E EPS by 1-3% to factor in a slightly slower topline but better margin trajectory.
JPMorgan on Paytm: Underweight| Target Rs 600
JPMorgan downgraded Paytm to underweight from neutral earlier and has also reduced the target to Rs 600 from 900 earlier.
The regulator’s action impairs profit pools, network effects, and credibility. Paytm has to migrate its business to other banks which can dilute its economics and network effects.
The global investment bank is of the view that the order might not be the end of the road for Paytm. It materially impacts near-term growth.
Jefferies on Titan Company: Hold| Target Rs 3600
Jefferies maintained a hold rating on Titan Company post Q3 results and slashed the target price to Rs 3600 from Rs 3650 earlier.
The company reported a margin miss, but 20% growth appears strong in the current context.
The Jewellery segment margins remained in a band while watches & eyecare exhibited high volatility. The management remains confident in its outlook and displayed strong execution on growth.
The global investment bank retained its hold rating amid rich valuations.
Jefferies on Indian Hotels: Buy| Target Rs 450
Jefferies maintained a buy rating on Indian Hotels with a target price of Rs 450. The company continues to deliver strong performance.
The standalone EBITDA was in line with estimates and the beat was led by a sharper QoQ rebound in the subsidiary.
The management expects double-digit consol revenue growth for FY25. Further, new businesses & better asset management would continue to drive profitability.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
(You can now subscribe to our ETMarkets WhatsApp channel)
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price