[ad_1] New Delhi: Amidst the volatility in the stock market, global brokerage firms BofA Securities The Newly Listed Tech Firm Is Bullish delhivery and auto major. During this, CLSA Have reiterated your positive attitude at times Morgan Stanley Another group is bearish on the firm. BofA Securities recently launched its coverage on listed logistics services firm Delhivery with a buy rating and target price of Rs 630, adding that the company is in a good position. “The company is uniquely positioned to acquire shares and build synergies. It is on…
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Power Grid: BofA Securities upgrades Power Grid to a buyout
[ad_1] MUMBAI: Bank of America Securities has upgraded to ‘buy’ citing whose defensive features? store and higher Dividend yield. shares of power grid Friday closed 0.3% higher at ₹209.20. Bank of America Securities said, “Given its defensive features led by an assured return-based regulated business model and our cautious outlook on macro volatility, we believe this sharp underperformance is unwarranted.” Evaluation The brokerage said that at two-year forward book value, 1.7x is not more expensive. Bank of America Securities said transmission capex in India is peaking, which could result in…
Hero Moto: Hero Moto a buy for BofA on strong rebound prospects
[ad_1] MUMBAI: Bank of America Securities has upgraded from ‘neutral’ to ‘buy’ and increased target price From ₹2,700 to ₹3,000 on the expectation of a strong rebound in volumes in the current fiscal. Hero MotoCorp shares closed 6% higher at Rs 2,674.10 on Thursday. financial services firm Better to base your estimates on improving demand for the two wheeler industry the supply chainHigh rural exposure and scope for channel restocking with existing inventory in six weeks – less than the normal 8-10 weeks of inventory for the festive season. “Given…