INSUBCONTINENT EXCLUSIVE:
Good morning!
The domestic stock market on Friday showed early signs of a possible breakout from its consolidation range
And Nifty futures on Singapore traded flat this morning, signalling a tepid start for Dalal Street.
As you head for the day’s trade, here
is a compilation of overnight analyst calls on various stocks.
Antique Stock Broking has maintained buy rating on
Godrej Consumer Products with a target price of Rs 799
The company's key performance drivers a) recovery in household insecticides b) reversion of aggressive price offers/price hikes in soaps c)
improvement in profitability of GAUM and d) scaling up of Indonesia business are well in place, said Antique
The brokerage is optimistic about a ruralrecovery during FY21, which in turn will provide some fillip to the company's sales growth
Shares of Godrej Consumer Products ended up 3 per cent at Rs 650.65 on Thursday.
Kotak Institutional Equities has upgraded
Lupin to buy with an unchanged fair value of Rs 840
The recent share price correction means that Lupin's valuations reflect only domestic segment valuations, implying deep value and market’s
disappointments around the regulatory actions against its facilities as well as a lack of cost cuts, and implying no value to the US despite
a strong pipeline build-out
However, Kotak expects continued strong performance in India and emerging markets
Shares of Lupin ended up 1.9 per cent at Rs 676.40 on Thursday.
Motilal Oswal has initiated coverage on
Bandhan Bank with a target price of Rs 500
Bandhan Bank has strengthened its positioning as one of the key financial institutions in east/north-east India, said Motilal Oswal
It has maintained a healthy market share of around 19 per cent in MFI loans with a CAGR of 35 per cent since FY15, said Motilal Oswal
The brokerage expects the bank to deliver industry leading RoA/RoE of 3.7 per cent/23.4 per cent for FY22
Shares of Bandhan Bank ended up 5.7 per cent at Rs 423.30 on Thursday.
IIFL Securities has upgraded
Eicher Motors to buy with a target price of Rs 22,700
Royal Enfield's market share in premium motorcycles has started improving in recent months, said IIFL Securities
Volume growth would depend on pick-up in the economy; however, there is a strong case for Eicher to start outperforming motorcycles, it said
More than half of Royal Enfield's retail sales in February 2020 were BS-VI; this shows product acceptance
Shares of Eicher Motors ended up 2.8 per cent at Rs 17,768.80 on Thursday.
Morgan Stanley has an overweight rating on
InterGlobe Aviation with a target price of Rs 2,057
Rising Covid-19 cases in India and globally pose a risk to air travel, said Morgan Stanley
While crude price decline is a positive, airline earnings are more sensitive to forex and yields, it said
Morgan Stanley said IndiGo is best placed in India but near-term earnings could be volatile
Shares of InterGlobe ended up 1 per cent at Rs 1,211.85 on Thursday.