[ad_1]
Indian markets are prone to commerce increased on Tuesday, monitoring constructive international cues, however there might be stock-specific motion by which international brokerage got here out with their stories on enterprise improvement, or earnings outlook.
We have now collated an inventory of suggestions from numerous international brokerage corporations in line with a Zee Enterprise TV report:
Solar Pharma: Purchase| Goal Rs 1100
CLSA maintained its purchase score on Solar Pharma put up December quarter outcomes with a goal value of Rs 1100 that interprets into an upside of over 31 per cent from Rs 835 recorded on thirty first January.
Sustained momentum in specialty enterprise is prone to drive working leverage. The worldwide funding financial institution raised FY22-24CL earnings estimates by 1%-5% to mirror the 3Q beat.
Specialty enterprise is prone to be within the driver’s seat, which is able to dictate its valuation within the close to future.
BPCL: Chubby| Goal Rs 550
JPMorgan maintained chubby score on BPCL put up December quarter outcomes with a goal of Rs 550 that interprets into an upside of over 38 per cent from Rs 397 recorded on thirty first January.
The corporate reported robust working consolidated earnings spotlight profit from BORL (Bharat Oman Refineries Ltd) consolidation. BORL is at present a wholly-owned subsidiary of BPCL.
Headline PAT is a miss due to consensus beneath estimating stock losses on advertising fuels put up excise responsibility reduce. The inventory efficiency depends on privatization, mentioned the report.
HPCL: Purchase| Goal Rs 400
Citigroup maintained a purchase score on HPCL put up Q3 outcomes with a goal value of Rs 400 that interprets into an upside of over 27 per cent from Rs 314 recorded on January 31.
The 9M standalone EPS stood at Rs32/sh. Consolidated EPS was increased at Rs37/sh boosted by robust efficiency within the Bhatinda refinery. HPCL is a most well-liked OMC choose, mentioned the observe.
Tata Motors: Purchase| Goal Rs 635
Jefferies maintained the purchase score on Tata Motors put up Q3 outcomes with a goal value of Rs 635 that interprets into an upside of over 22 per cent from Rs 518 recorded on thirty first January.
Tata Motors reported a consolidated lack of Rs 1,516 crore for the quarter ended December 31, 2021. It had posted a revenue of Rs 2,906 crore within the corresponding quarter final 12 months.
Income from operations fell 4.5% YoY to Rs 72,229 crore within the interval into consideration in opposition to Rs 75,654 crore posted final 12 months. EBITDA stood at Rs 6,764 crore, down 41.2% YoY from Rs 11,510 crore posted final 12 months.
(Disclaimer: The views/solutions/recommendation expressed right here on this article are solely by funding consultants. Zee Enterprise suggests its readers to seek the advice of with their funding advisers earlier than making any monetary choice.)
[ad_2]