Hot Stocks: Brokerages on RIL, Entero Healthcare, Natco Pharma and Persistent Systems
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Brokerage Nomura maintained a neutral rating on Persistent Systems, Investec maintained a buy on Natco Pharma and initiated a buy on Entero Healthcare. CLSA downgraded RIL to outperform. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on Persistent Systems: Neutral| Target Rs 3400 Nomura maintained a neutral rating on Persistent Systems but slashed the target price to Rs 3400 from Rs 3800 earlier. Growth remains resilient and margins disappointed. Deal wins have moderated. Going forward, strong execution is likely to help deliver industry-leading growth. Margin expansion aspiration pushed out due to continued macro weakness. The global investment bank reduced earnings per share (EPS) estimates by 9-11% over FY25-26. Investec on Natco Pharma: Buy| Target Rs 1200 Investec maintained a buy rating on Natco Pharma but raised the target price to Rs 1200 from Rs 710 earlier.It has the abil...