CLSA maintains outperform rating on UltraTech Cement and raised target price to Rs 4425 per share from Rs 3900 per share as Q2 results ahead of estimate. It says demand pick-up and better cement pricing are key potential earnings growth drivers.
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CLSA maintains outperform rating and raised target price to Rs 4425 per share from Rs 3900 per share as Q2 results ahead of estimate. It says demand pick-up and better cement pricing are key potential earnings growth drivers.
JP Morgan has overweight rating with target price at Rs 3750 per share as earnings beat expectations on lower costs but volume growth remains weak. Average realizations were the bright spot with prices remaining firm in Q2.
CLSA maintains buy rating with target price increased to Rs 418 per share from Rs 362 per share as asset-light garmenting business to drive next leg of growth. It says improving return on capital employed (ROCE) profile in textiles warrant a re-rating.
Nomura maintains buy rating with target price at Rs 250 per share. It says liquidity remains benign which led to margin benefit in Q2.
Credit Suisse downgraded it to underperform and target price cut to Rs 155 per share from Rs 195 per share. It says container traffic at major ports in Q2 remained weak with a flat numbers YoY.
CLSA maintains buy rating with target price raised to Rs 810 per share from Rs 675 per share as higher GRMs have been the big profit driver in last two years. The company remains our preferred pick among OMCs.
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Nomura has a buy call on the stock with targe price raised from Rs 285 per share to Rs 325 per share as it remains preferred corporate bank.