IT
Brokerage: CLSA
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 910
The 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.
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