Brokerage Radar: Nuvama bullish on BSE, Goldman Sachs says 'sell' CreditAccess

Check out the latest brokerage calls and analyst comments on the stocks in action today. Our coverage includes HDFC AMC, BSE, oil marketing companies and more.

Nuvama On BSE
Initiate Buy Call, Target At Rs 6,730/Sh
Derivatives To Scale Up Despite Regulatory Tightening
Forecast FY24–27 Revenue/APAT CAGR Of 39.9%/70.8%, Lifting RoE To 37.9%
Lower Clearing Charges To Send Margin Soaring
There is Robust Structure, Multiple Streams To Propel Revenue Growth
At CMP Stock Is Trading At FY26/27 P/E Of 43.9x/37.6x

HSBC On HDFC AMC
Hold Call, Target At Rs 4,350/Sh
Rationalisation Of Commission Payouts & Controlled Operating Costs Led To Strong Profit Growth In Q3
Mkt Sh Has Stagnated In Equity AUM & SIP Flows Which Can Keep Punchy Valuations Under Pressure
Raise FY25-27 EPS By 0.4-4.1%

Nomura On HDFC AMC
Buy Call, Target At Rs 5,250/Sh
Higher Operating Revenue & Lower Opex Lead To 6% Beat In Operating Profit
Raise FY25-27 EPS By 2-3%
Steady Overall And Equity AUM Market Share; SIP Flow Market Share Declined 60 bps QoQ
Build In A Strong Operating Profit CAGR Of 20% Over FY25-27 & Expect It To Largely Track AAUM Growth