Brokerage Radar: Goldman Sachs initiates coverage on C E Info Systems, Uno Minda

Stock Market Trend

Check out the latest brokerage calls and analyst comments on the stocks and sectors in action today. Our coverage includes CE Info Systems, Uno Minda, and financial stocks.

GS on C E Info Systems

Initiate Buy, TP `2,800/Sh

Co Well-Poised To Benefit From An Early Leadership Position In Fast-Growth End-Markets

Co Enjoys 80%+ Mkt Share In Auto OEM Navigation Software

Forecast A 38% FY24-FY27 Revenue CAGR & Steady EBITDA Margin In 38% To 41% Range

Co Trades At A Fwd P/E Of 53x

Risks Include Hardware-related Margin Dilution, Open-Source Maps, M&A Integration Risk.

GS on Uno Minda

Initiate Buy, Target `1,350/Sh

Co Well Positioned For Growth In India’s Auto Components Industry

Co Currently Enjoys 50%+ Share In Auto Switches, 40%+ In 4W Alloy Wheels

Risks Include Peak Switches Share, Autos Demand Slowdown, Growth Focus Over FCF

Macquarie on Financials

Upgrades Kotak Mah Bank To Outperform, Target Raised To `2,025/Sh

Upgrade SBI Life To Outperform, Target Raised To `1,750/Sh

Downgrade SBI & Bajaj Finance To Underperform From Neutral, Target Cut To `6,600/Sh

Downgrade Chola Invst, M&M Fin Svcs To Underperform From Neutral, Target Cut To `250/Sh

Private Sector Banks Are At Attractive Valuations

Private Sector Banks Expected To Report 16-18% RoE Over Next Couple Of Years

Would Stay Away From PSU Banks, Insurance, And Fintechs Owing To Regulations

Top Picks In Banks: Axis Bank & IndusInd Bank

Top Picks In NBFCs:Shriram Housing Finance, LIC Housing Finance

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.