We’ve put together a list of recommendations from the best brokerage firms from ETNow and other sources:
HSBC on FoodWorks: Buy| Objective Rs 750
HSBC maintained a buy rating on Jubilant FoodWorks with a target of Rs 750.
Jubilant is aggressively expanding its Domino’s network, HSBC said, adding that its long-term investment case is quite attractive.
The market fears margins will slide in the short term, he said.
Credit Suisse on Apollo Hospitals: outperformance | Target Rs 5100
Credit Suisse retained Apollo Hospitals’ outperform rating with a target price of Rs 5,100. Apollo 24/7 is moving towards a leading position in digital health, Credit Suisse said.
Online pharmacy app downloads maintain strong momentum as Apollo 24/7 and RIL-Netmeds gain market share, which is a positive sign, he added.
“Apollo’s physical network provides a clear advantage. Going forward, the easing of the discount level would benefit MedPlus in the short term. Apollo has balance sheet strength,” the note said.
HSBC on Delhivery: Buy| Target Rs 455
HSBC maintained its buy rating on Delhivery with a target price of Rs 455. The company reported consecutive weak quarters which shattered the confidence of the street.
“We believe that the growth of the e-commerce industry has slowed in India,” the note said. The delivery business is mostly a story of operating leverage, he added.
JPMorgan on Tata Motors: Neutral | Rs410 target
JPMorgan maintained a neutral rating on Tata Motors with a target price of Rs 410. JLR retail sales are starting to grow on a low base price, he said.
“JLR outperforms its peers in Chinese imports. Europe is underperforming, while US sales were in line with estimates. Product mix remains strong and China’s contribution is stable,” the company said. note.
(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)