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

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