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We now have collated a listing of suggestions from prime brokerage corporations from ETNow and different sources:
Goldman Sachs on Nykaa: Impartial| Goal Rs 200
Goldman Sachs maintained its impartial ranking on Nykaa with a goal worth of Rs 200. The corporate missed Q3 estimates, and there’s no clear indicators of a near-term pick-up within the magnificence and private care (BPC) development.
The worldwide funding financial institution cuts income estimates by 4% and EBTIDA estimates by 14%-28% over FY23-25.
Goldman Sachs on Metropolis Healthcare: Impartial| Goal Rs 1400
Goldman Sachs maintained its impartial ranking on Metropolis Healthcare with a goal worth of Rs 1400. The December quarter outcomes have been under estimates.
Full enterprise normalization continues to be just a few quarters away. The worldwide funding financial institution slashed FY23-25E EPS estimates by 7% to think about a comparatively slower topline development and administration commentary on the decision.
Jefferies on Gujarat Fuel: Underperform| Goal Rs 405
Jefferies maintained an underperform ranking on Gujarat Fuel with a goal worth of Rs 405. The Q3 outcomes have been forward on higher margins whereas general quantity development was according to estimates.
Propane economics flip favorable, and the administration expects a powerful quantity restoration in Morbi. Regulatory tailwinds present a margin cushion in CNG.
Jefferies on Medanta: Purchase| Goal Rs 550
Jefferies maintained a purchase ranking on Medanta with a goal worth of Rs 550. The corporate debuted with a powerful beat in comparison with estimates.
Common Income per Occupied Mattress (ARPOB) in the course of the quarter was +4% on a YoY foundation whereas occupancy was at 59%.
Citi on Zee Leisure: Purchase| Goal Rs 280
Citigroup maintained its purchase ranking on Zee Leisure with a goal worth of Rs 280. The muted efficiency continued in Q3.
The worldwide funding financial institution slashed FY23 earnings estimates by 35% as a result of near-term market uncertainties.
FY24-25E earnings discount is decrease at 11-15%. The Advert-revenue market stays underneath stress within the close to time period, mentioned the observe.
(Disclaimer: Suggestions, ideas, views, and opinions given by specialists are their very own. These don’t signify the views of the Financial Instances)
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