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[hfe_template id='11223'] [ad_1] Global brokerage Macquarie has unveiled its latest India Strategy report, spotlighting IRCTC and AB Capital among six stocks it believes have the potential to deliver 2x returns over the next three years. These stocks, dubbed as the "Rising Stars", are expected to benefit from strong structural tailwinds, shifting consumer trends, and a favorable domestic macroeconomic environment. IRCTC: Target price: Rs 900 Leading the list is IRCTC, for which Macquarie has set a 12-month target price of Rs 900, with an expectation of further long-term upside. Uno Minda: Target price: Rs 1,157 Uno Minda is another top pick in this category, with a target price of Rs 1,157. Macquarie is bullish on the company’s diversified revenue mix and its wide-ranging auto components portfolio, which positions it well to ride the momentum in the automotive sector. Aditya Birla Capital (AB Capital): Target price: Rs 260 Live Events AB Capital is considered o...

[hfe_template id='11223'] [ad_1] Following the third quarter results of One97 Communications-held Paytm, global brokerage firm Macquarie has maintained its ‘Underperform’ rating on the stock with a target price of Rs 730. This signals a downside potential of nearly 19% from the stock’s closing price on Monday. The brokerage firm noted that the company delivered strong results across all fronts, with losses declining more than expected. This positive performance was driven by higher revenue and lower employee stock ownership plan (ESOP) costs. Macquarie also highlighted a strong increase in the company’s gross merchandise value (GMV) and continued improvement in operating leverage. The brokerage firm believes there is an upside risk to Paytm's distribution revenue given the potential for higher take rates, according to its note. For the third quarter ended December 2024, the fintech major reported that its consolidated loss narrowed to Rs 208.3 crore, compared to Rs 2...

[hfe_template id='11223'] [ad_1] Like most other big IPOs, Swiggy too made a muted debut on Dalal Street by listing at a small premium of 8% over its issue price. Since Swiggy is currently loss-making at consolidated level and believed to be at least 2-3 years away from PAT level break-even, investors are refraining from making bold bets. After listing, Swiggy shares jumped 9% to Rs 449 on BSE with its market capitalization crossing the Rs 1 lakh crore mark. On its listing day, brokerage firms - Macquarie and JM Financial - became the first ones to initiate coverage on the debutant but came out with polar opposite views. Macquarie's initiating coverage report gave it an underperform rating with a target price of Rs 325, which indicates downside potential of 17% from IPO issue price of Rs 390. While admitting that the food-tech firm has a long runway ahead, it warned about a bumpy winding path to profit. The brokerage expects Swiggy's group EBIT to break-even only...

[hfe_template id='11223'] [ad_1] Hyundai Motor India, which is set to debut on the bourses today, has earned 2 positive ratings from global brokerage firms Nomura and Macquarie as they have initiated coverage on the stock with the target price going as high as Rs 2,472. The stock has earned a buy rating with a target price of Rs 2,472 from Nomura, predicting a 26% upside while Macquarie has an outperform rating on the stock with a target price of Rs 2,235, which indicates a 14% upside potential. Here is a brief note from the global brokerage firms: Nomura: Buy| Target price: Rs 2,472 Nomura has initiated coverage on Hyundai Motor with a buy rating and a target price of Rs 2,472 The company is riding on style and technology and its ongoing premiumization should drive high-quality growth. There is a long runway for the Indian car industry – current penetration at 36 cars/1,000 people. HMI is poised for healthy long-term growth due to its style and technology. Capacity expa...

[hfe_template id='11223'] [ad_1] JSW Steel shares surged 4% to its day’s high of Rs 984.40 on BSE after the global brokerage firm Macquarie upgraded its rating to overweight and with a target price of Rs 1,077, citing a positive outlook for India's metals sector. In addition to upgrading JSW Steel’s rating to outperform, Macquarie has also raised the target price of the stock from an earlier Rs 884, reflecting an upside potential of over 13% from its closing price on Thursday. Macquarie stated that it is positive on the resilient domestic fundamentals and moderating input costs of the metal sectors as the commodities’ price outlook factors in the upside risks over the next 6-12 months. “Steel companies look set to benefit from domestic price premium to import parity, steady leverage and easing input costs,” said the global brokerage firm in its note. The foreign brokerage firm also believes that the steel stock multiples should be seen in the context of improved ROE ...

[hfe_template id='11223'] [ad_1] Brokerage JPMorgan maintained an overweight rating on SBI and Macquarie upgraded Escorts to outperform. CLSA downgraded Sula to underperform while maintaining a sell on Asian Paints post Q4 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on SBI: Overweight| Target Rs 1000 JPMorgan maintained an overweight rating on SBI but raised the target price to Rs 1000 from Rs 725 earlier. The FY24 print shows that the growth and the return on equity (ROE) gap to private banks has closed out. The global investment bank expects a similar dynamic to sustain this year as well.Positioning is enviable with a growth pick-up in corporate loans, low pressure on opex, and a favourable asset quality environment.Despite potentially lower recovery income in FY25, we think the bank can continue to print 1%+ ROA. CLSA on Sula: Underperform| Target Rs 515 CLSA downgraded Sula to underperform from a...