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economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Hot stocks: Brokerages on Vodafone Idea, Bharti Airtel, Bajaj Finance and M&M Finance
Vodafone Idea and Bharti Airtel respectively. At the same time, Jefferies has maintained a buy and a hold rating on Bajaj Finance and M&M Finance 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-113111334»> Goldman Sachs on Vodafone Idea: Sell| Target price: Rs 2.5
Goldman Sachs has maintained a sell rating on Vodafone Idea and hiked the target price to Rs 2.5 from Rs 2.2.
The path to FCF break-even and market share recovery is unclear and Goldman Sachs sees another 300 bps share loss for the company over the next 3-4 years. In a blue-sky scenario 65% lower AGR dues are being assumed along with a consistent tariff increase and no near-term government repayments. Post this, the global brokerage firm sees an implied value per share of Rs 19 for Vodafone Idea.
Goldman Sachs on Bharti Airtel: Buy| Target price: Rs 1,700
Goldman Sachs has maintained a buy call on Bharti Airtel while hiking the target price to Rs 1,700 from Rs 900.
Strong growth with an inflecting FCF/returns profile warrants premium valuation and growth tailwinds are there to sustain, driven by continued share gains, organic growth levers, and future tariff hikes.
Goldman Sachs sees Bharti's India revenue/EBITDA to
grow at a 16%/21% CAGR over FY24-27, and also expect further improvement in the balance sheet profile and forecast net-debt at close to 0 by FY28.
Jefferies on Bajaj Finance: Buy| Target price: Rs 8,410
Jefferies maintained a buy view on Bajaj Finance and has also hiked the
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