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We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Goldman Sachs on Container Corp: Buy| Target Rs 850
Goldman Sachs maintained a buy rating on Container Corp but raised the target price to Rs 850 from Rs 750 earlier.
The global investment bank expects a steady Q3 despite the busy season surcharge. It expects an 8% growth in volume for the quarter, and margins to be lower.
The global investment bank maintained a buy rating relative to coverage.
CLSA on Ashok Leyland: Buy| Target Rs 238
CLSA maintained a buy rating on Ashok Leyland with a target price of Rs 238. The tonnage growth in trucks is higher than volume growth.
There is a double-digit increase in freight rates and E-way bills. The CV upcycle is likely to continue as indicated by strong freight rates.Investec on Jindal Stainless: Buy| Target Rs 625
Investec maintained a buy rating on Jindal Stainless but raised the target price to Rs 625 from Rs 572 earlier.
Find capital allocation on downstream assets a smart move as it offers stable spreads/return ratios.
Pay-back tenure is attractive. Rathi Steel’s expected payback is less than 3 years.
Acquiring RVPL’s assets with potential pay-back tenure to be less than 4 years.
Motilal Oswal on Mannapuram Finance: Buy| Target Rs 205
Motilal Oswal maintained a buy rating on Mannapuram Finance with a target price of Rs 205.
Beyond its view/outlook on the gold business, MGFL presented a drill-down on each of its non-gold businesses in the analyst meet, including 1) a peek into its sourcing, underwriting and collection processes, 2) how these businesses have successfully navigated Covid and have reverted to pre-Covid business indicators, and 3) readiness to now exhibit healthy AUM growth and profitability in non-gold businesses.
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(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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