We have collated a list of recommendations from top global brokerage firms from ETNow:
CLSA on RIL: Buy | Target Rs 3,180
CLSA maintained a buy rating on
with a target price of Rs 3,180. The stock closed Rs 2,647 on 23 August.
The global investment bank slashed 23-34CL EPS by 3-4% but raised the target price. It is seeing a big YoY improvement in cash flow in FY22.
Some improvement in return on equity (ROE) and further fall in leverage ratios is a positive. There was a big jump in cashflow aided by working capital, said the note.
Goldman Sachs on Affle India: Buy | Target Rs 1,495
Goldman Sachs initiated a buy rating on Affle India with a target price of Rs 1,495. The stock closed Rs 1,255 on 23 August.
The global investment bank expects growth in revenue at 32% CAGR over FY22-25. We are seeing an increase in smartphone penetration across key geographies.
The global investment bank expects Affle to maintain its current global market share of 0.17%, said the note.
Motilal on : Buy | Target Rs 860
Motilal Oswal maintained buy on Transport Corporation of India with a target price of Rs 860. The stock closed at Rs 712 on 23 August.
We continue to see Transport Corp. as a long-term play, backed by: a) a diversified clientele, b) improving share in the LTL business in the Road Freight division, and c) elevated contribution from the high-margin Seaways segment, said the note.
It expects the company to clock a revenue/PAT CAGR of ~18%/19% over FY22-24. The stock trades at 14x FY24E EPS.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)