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JPMorgan on Tata Elxsi: Underweight| Goal Rs 6000
JPMorgan maintained an underweight score on Tata Elxsi however slashed the goal worth to Rs 6000 from Rs 6200 earlier.
The Q3 print was in line when it comes to revenues nevertheless it missed on margins. There’s a twin problem on the expansion entrance, and it seems to be like margins appear to have peaked.
The worldwide funding financial institution stays underweight, because the valuation burden is extreme.
Jefferies on Oberoi Realty: Maintain| Goal Rs 1341
Jefferies maintained a maintain score on Oberoi Realty nevertheless it slashed the goal worth to Rs 1341 from Rs 1375 earlier.The Q3 pre-sales have been under estimates and higher momentum is forward probably. Operations are persistently FCF-positive, as capex in massive new places of work and malls winds down.“At 15%+ premium to NAV, we discover near-term triggers priced in,” mentioned the word.
CLSA on Hero MotoCorp: Outperform| Goal Rs 4964
CLSA maintained an outperform score on Hero MotoCorp with a goal worth of Rs 4964. Engaging worth factors may assist Hero acquire a share within the premium section.
Mavrick 440 ought to assist Hero acquire market share within the 250cc+ section. Hero bolsters its product line-up within the premium motorbike section.
Morgan Stanley on Axis Financial institution: Obese| Goal Rs 1450
Morgan Stanley maintained an chubby score on Axis Financial institution with a goal worth of Rs 1450.
The personal sector lender reported good numbers however trimmed progress estimates given tight liquidity situations.
Each asset high quality and core PPOP topped estimates. Axis Financial institution delivered a powerful enchancment in its franchise.
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(Disclaimer: Suggestions, solutions, views and opinions given by the specialists are their very own. These don’t characterize the views of Financial Instances)
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