2 weeks Ago
Brokerage firms like JP Morgan have an overweight rating on Apollo Hospitals, while Citi has a sell call on Gujarat Gas. Morgan Stanley has an overweight and equal-weight call on JSPL and Tata Steel respectively. Jefferies has a buy rating on Polycab .
We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JP Morgan on Apollo Hospitals: Overweight | Target price: Rs 7,200 JP Morgan has maintained an Overweight rating on the stock with a target price of Rs 7,200. Q2 results were broadly in line, and occupancy strength continued. Healthy revenue growth was seen across segments.
Strong occupancy was driven by healthy growth in IP/OP volumes. Hospital EBITDA margins improved, and a strong uptick in AHLL margins was seen. Citi on Gujarat Gas: Sell | Target price: Rs 530 Stock Trading Algo Trading Made Easy By - Vivek Gadodia, Partner at Dravyaniti Consulting and RBT Algo Systems View Program Stock Trading Complete Guide to Stock Market Trading: From Basics to Advanced By - Harneet Singh Kharbanda, Full Time Trader View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Macroeconomics Made Easy: Online Certification Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Technical Analysis Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Options Scalping Made Easy By - Sivakumar Jayachandran, Ace Scalper View Program Stock Trading Options Trading Made Easy: Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Stock Trading Mastering Options Selling: Advanced Strategies for Success By - CA Manish Singh, Chartered Accountant, Professional Equity and Derivative Trader View Program Stock Trading Dow Theory Made Easy By - Vishal Mehta, Independent Systematic Trader View Program Stock Trading Stock Investing Made Easy: Beginner's Stock Market Investment Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Technical Trading Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.
com View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Candlesticks Made Easy: Candlestick Pattern Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder- Indiacharts.com View Program Citi has maintained a sell call on Gujarat Gas with a target price of Rs 530 Citi stated that the company sacrificed volumes for margins in the second quarter. The volumes declined sharply by 20% QoQ, but EBITDA was 10% ahead of estimates.
The company continues to face challenges in striking a balance between volumes and margins. Despite the recent correction, the stock trades at an undeserved 70% premium to its two CGD peers. Morgan Stanley on JSPL: Overweight | Target price: Rs 1,200 Morgan Stanley maintained an Overweight rating on JSPL with a target price of Rs 1,200 EBITDA beat was led by both realizations and opex.
Consolidated EBITDA was above the estimates while volumes were in line and the beat was led by better realizations and good raw materials. Expansion plans are on track and the margins have likely troughed and Morgan Stanley expects recovery in H2 for the company. Jefferies on Polycab: Buy | Target price: Rs 8,315 Jefferies has maintained a buy rating on Polycab with a target price of Rs 8,315.
Polycab has emerged as the lowest bidder for BSNL order, which is an order for the domestic market. This potential order win could aid C&W sales. Current FY24-27e stands at 21% CAGR.
Margins will be key to watch for. Morgan Stanley on Tata Steel: Equal-weight | Target price: Rs 175 Morgan Stanley has maintained an equal-weight rating on Tata Steel with a target price of Rs 175. Opex led the strong beat, at both domestic and "other" businesses.
The consolidated EBITDA was Rs 6,140 crore, 38% ahead of MSe and 24% above the Bloomberg consensus. UK/Netherlands businesses were slightly weak, and "others" did better. Management guidance on domestic and international business demand and spreads trajectory for H2 will be the key events to watch.
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