[ad_1] New Delhi: Global brokerages have turned positive on select Indian regions as companies have started providing updates for the June 2022 quarter performance. That said, some people have a point of caution on infra play. J. P. Morgan Has maintained its ‘overweight’ stance on the cement company Dalmia Bharat 1,680 over the counter with a target price of Rs. However, it has further cut its consensus earnings for the company. The brokerage said the earnings outlook remains bleak, though Q2 should be at the bottom and pricing power would…
Tag: Brokerages
Vedanta Share Price: Global brokerages rise up to 115% in Tata Steel, Vedanta, Gland Pharma
[ad_1] New Delhi: Despite strong volatility in sectors such as metals, mining and pharma, global brokerage firms are bullish on select stocks in these pockets. Global brokerage City remains bullish on Citi , Maintaining rating of purchases over the counter. However, it has reduced its target price from Rs 1,800 to Rs 1,085, indicating a growth of 25 per cent in the counter from its previous close. The brokerage believes that weakness in China’s export prices will hurt the company, leading to a 32-34 per cent cut in EBITDA on…
Zomato Share Price: Blinkit deal ‘poison bullet’ for Zomato? Here’s What Global Brokerages Say
[ad_1] Shares of the food delivery platform have fallen more than 58 per cent from their all-time highs, leaving the stock firmly in place. However, the global brokerage maintains a mixed stance on this new age internet company. global research firm hsbc He believes that creating a grocery business will act as a “poison pill” for Zomato. This would require a reasonably high investment and hence be a waste of cash as well as it is likely to be a significant logistical challenge to execute. The brokerage highlighted that Zomato…