We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Motilal Oswal on Cipla: Buy| Target Rs 1420
Motilal Oswal maintained a buy rating on Cipla but raised the target price to Rs 1420 from Rs 1130 earlier. The US sales are on a recovery track.
A robust ANDA pipeline with complex products is likely to drive consistent growth in the US generics segment.
The global investment bank expects a steady outperformance in the branded generics market of India/SA. It expects a 16% earnings CAGR over FY23-25.
InCred on Fusion Micro: ADD| Target Rs 800
InCred initiated coverage on Fusion Micro with an ADD rating and a target of Rs 800. Robust growth was led by deepening penetration and diversified presence.
Superior margins are likely to stay amid fixed-rate loans and improve liability. A surge in the near-term slippage is likely; collection efficiency has peaked.Morgan Stanley on Tata Steel: Equal-Weight| Target Rs 110
Morgan Stanley maintained an Equal-Weight rating on Tata Steel with a target of Rs 110. It is a positive development for Tata as the UK business uncertainty was an overhang.
The global investment bank expects the investments to recover the cost of capital over the life of the project (expects 15-16% IRR).
DAM Capital on Au Small Finance Bank: Buy| Target Rs 900
DAM Capital initiated coverage on AU Small Finance Bank with an ADD rating and a target price of Rs 900.
The company has upbeat growth prospects. The brokerage firm expects an AUM CAGR of 24% over FY24-26.
Contiguous strategy for increasing presence, but digital is at the forefront. The company has strong asset quality and underwriting. Envisioning for the forthcoming decade and beyond.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
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