Reliance IndustriesCiti maintained its buy call on the stock with an increase in its bull case target to Rs 1,923 due to higher Jio valuation and lower peak net debt. It believes that the company’s outperformance could sustain as the earnings are an at an inflection point.
Indiabulls Housing Finance
CLSA retained its buy call on Indiabulls Housing Finance with an increase in target price to Rs 1,170 from Rs 950. The brokerage firm also raised its earnings estimates by 3 percent and saw 23 percent profit CAGR over FY17-20.
Mahindra and Mahindra
Credit Suisse upgraded Mahindra and Mahindra to outperform from neutral and increased the target price to Rs 1,500 from Rs 1,390, implying 20 percent potential upside. While tractor volumes were up 14 percent in March despite demonetisation.
UltraTech Cement
CLSA raised the target price of the stock to Rs 4,575 from Rs 4,000. The company’s March quarter performance was in line with its estimates, it stated. A pan-India presence, growth focus and cost optimization were the key focusses, CLSA said.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory
Indiabulls Housing Finance
CLSA retained its buy call on Indiabulls Housing Finance with an increase in target price to Rs 1,170 from Rs 950. The brokerage firm also raised its earnings estimates by 3 percent and saw 23 percent profit CAGR over FY17-20.
Mahindra and Mahindra
Credit Suisse upgraded Mahindra and Mahindra to outperform from neutral and increased the target price to Rs 1,500 from Rs 1,390, implying 20 percent potential upside. While tractor volumes were up 14 percent in March despite demonetisation.
UltraTech Cement
CLSA raised the target price of the stock to Rs 4,575 from Rs 4,000. The company’s March quarter performance was in line with its estimates, it stated. A pan-India presence, growth focus and cost optimization were the key focusses, CLSA said.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory
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