We’ve put together a list of recommendations from the best brokerage firms from ETNow and other sources:
Morgan Stanley on Dabur India: equal weight | Target Rs 537
Morgan Stanley maintained its equal weight position in Dabur India with a target price of Rs 537. Second quarter earnings were broadly in line with estimates.
The brokerage said positives include market share gains to 95% of the portfolio and the announcement of the acquisition to grow the food business.
However, weak rural demand and growth in the healthcare segment are some of the negatives, he added.
Nomura on: Buy | Target Rs 2750
Nomura maintained its buy rating on Reliance Industries (RIL) with a target price of Rs 2,750 after Q2 results.
Second quarter results were lower than estimated. Net debt has increased. The results missed the estimates largely on the lower cost effectiveness of 02C. The financial services branch to be listed is positive, the brokerage said.
The global investment bank reduced FY23/24 consolidated EBITDA by 4%/3%.
(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)