Britannia and IT sector, among others, are being tracked by investors on Friday.
The global research firm said that Q2 growth acceleration was led by consulting, US & FS. Further, consulting had grown faster than outsourcing, while growth was led by Europe and emerging markets.
Brokerage: Motilal Oswal | Rating: Buy | Target: Rs 6,100
The broking firm said that continuing new launches in low unit packs are aiding growth. Further, it is enthused by a healthy performance in a difficult operating environment and sees substantial opportunity beyond the biscuits segment. The brokerage also believes 15% EBITDA margin is now achievable.
Brokerage: Motilal Oswal | Rating: Upgrade to Buy | Target: Rs 910The brokerage house said that ad recovery is on the cards, while the stock is attractive after recent correction. It expects 14% revenue growth in Q3FY18. Further, breakeven of new station should drive 15% EBITDA growth. The brokerage also estimates 15% revenue CAGR & 29% EBITDA CAGR over FY17-20.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.