Motilal Oswal Financial Services has a ‘buy’ recommendation on JSW Infrastructure, the second largest private port operator in India with a target price of Rs 375 (+16%). At 22% growth in cargo volumes in FY18-24, the company has significantly outpaced industry growth of about 4%. It plans to expand capacity significantly by FY2030 and has robust capacity utilisation plans.
ICICI Securities has initiated coverage of Epack Durable with a ‘buy’ recommendation and a target price of Rs 555 (+10%). The company is a prominent contract manufacturer of room air conditioners and small/large domestic appliances. Analysts feel Epack is geared to tap into robust growth envisaged in the room air conditioners segment and its entry into LDA and existing SDA segment’s expansion.
Emkay Global Financial Services maintained its ‘reduce’ rating on Coforge with a target price of Rs 6,750 (-29%) in the light of the merger between the company and Cigniti. Since the announcement of the merger the stock price of Coforge has rallied 90%.
For the coming year, Religare Broking has put in ‘buy’ recommendations on HDFC Bank (Target price: Rs 2,008; +12%), LIC (TP: Rs 1,160; +31%) and DLF (TP: Rs 1,050; +26%).
For the coming year, Axis Securities has put in ‘buy’ recommendations on Shriram Finance (TP: Rs 3,825; +32%), Ambuja Cements (TP: Rs 675; +23%), Bharti Airtel (TP: Rs 1,880; +18%) and Cipla (TP: Rs 1,735; +15%).
Disclaimer: The opinions, analyses and recommendations expressed herein are those of brokerages and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.