Brokerage firms CLSA and Investec have buy ratings on Paytm and TVS Motor respectively. Meanwhile, Macquarie and CLSA have outperform ratings on SBI Life and Sona BLW respectively. Jefferies has a buy call on Godrej Properties.
Citi has upgraded Paytm to Buy from Sell and hiked the target price to Rs 900 from Rs 440.
The stock is a ‘check’ on the regulatory, costs and growth. Regulatory risks now appear largely behind and Paytm has also announced plans to offer Default Loss Guarantees (DLG), compliant with RBI guidelines, to its lending partners in the merchant loans distribution biz. Paytm pivots fully to «Growth» hereon.
Macquaries maintained an Outperform rating on SBI Life with a target price of Rs 1,830.
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