Hot stocks: Brokerage view on Zomato, Swiggy, NTPC and Ramco Cement
Zomato while Citi has upgraded Ramco Cement to buy. Meanwhile, Macquarie has initiated coverage on Swiggy and NTPC with an underperform and an outperform rating respectively.
We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-115237875»> Macquarie on Zomato: Underperform| Target price: Rs 130
Macquarie maintained an underperform rating on Zomato and hiked the target price to Rs 130 from Rs 100.
Stating that “hyper growth meets hyper competition”, Macquarie revisited the fundamental building blocks of their growth and unit economics for Blinkit. The global brokerage firm has cut its earnings estimates and noted downside risks to consensus. The target price has been raised to Rs 130 on a lower discount rate assumption.
Macquarie on Swiggy: Underperform| Target price: Rs 325
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