[ad_1] New Delhi: Ahead of corporate earnings for the June quarter, foreign brokerages have come out with their reports on select domestic companies. While they remain mixed on the financials, the views on FMCG suggest a promising outlook for the sector. CSLA maintains its sales rating Because growth has slowed down from pre-covid levels. Its target price on the stock is Rs 5,000, indicating a decline of over 13 per cent from current levels. CLSA said customer acquisition is strong but AUM growth was in line with expectations and valuations…
Tag: CLSA
AU Bank Share Price: CS launches coverage on AU Bank; CLSA slowdown on Maruti Suzuki
[ad_1] New Delhi: With increasing volatility in the domestic equity markets, global brokerage firms have turned negative on select underperformers of Dalal Street. Credit Suisse launches coverage With a target price of Rs 510, which is 18 per cent lower than the previous close of Rs 621.90. The stock is trading at 3.2x FY24E P/BV, it said. The forex broker expects growth to be moderate from historical levels. “Increased operating expenses will keep ROA at 1.7 percent and ROE at around 17 percent, which is similar to large banks as…
Stocks to Buy: CLSA Launches Coverage on Campus Activewear; JP Morgan ‘overweight’ on Zomato
[ad_1] New Delhi: Following the latest corporate actions by Indian listed companies, international brokerages have shared their view on them. JP Morgan remains overweight, while Citi remains bearish. Meanwhile, CLSA has a positive view on campus activewear and M&M. JP Morgan has retained its overweight stance on Zomato following the Blinkit acquisition, which is being seen as a lucrative strategic move by the brokerage firm. Its target price on Zomato is Rs 115, indicating an increase of 75 per cent from its previous close. It said that Zomato trades with…